For homeowners with significant equity, HELOCs are a popular way to fund home improvements, pay for unexpected expenses or establish an emergency fund. HELOCs became even more popular in 2020 and 2021, thanks to historically low interest rates. Today, it can be harder to find lenders who are offering HELOCs, but it’s not impossible.   What is a home equity line of credit? A HELOC is not a traditional mortgage because you do not receive a lump sum payment, but rather a revolving line of credit. However, because a HELOC is secured by your home, it is still considered a type of mortgage. A home equity line of credit is separate from the mortgage on your home (if you have a mortgage). With a HELOC, you’ll have access to a set sum of money that is structured as a revolving line of credit. You use only what you need and make monthly, interest-only payments. After an initial draw period that usually lasts a set number of years, you’ll begin paying back the principal as well.   What is a home equity loan? A HELOC is different from a home equity loan. A home equity loan gives homeowners a lump sum, secured by their home equity. It’s often referred to as a second mortgage. Home equity loans typically offer fixed interest rates. Just like your first mortgage, you’ll pay your home equity loan back with a monthly payment, in addition to your primary mortgage payment. Another opportunity to withdraw home equity is with a cash-out refinance, which replaces your existing loan with updated terms and interest rate for the total amount of your remaining balance and the cash you’re hoping to withdraw.   How does a HELOC work? A HELOC lets you establish a revolving line of credit based on the value of your home, less the amount you owe — this is known as your home equity. Assuming you qualify, you can borrow against up to 85% of your home equity. Hours after closing, you can access your credit line and use the money however you see fit. Your lender typically provides you with a HELOC credit card, checks, as well as an online account for digital transfers. You could use any of the above to, for example pay a contractor for home renovations or leave the account alone until you need it for an emergency.   Draw period Immediately after opening your loan, you’ll have a draw period during which you can use your HELOC card or checkbook to charge expenses, withdrawing against your HELOC limit.   Payments: During the draw period, you’ll make interest-only payments on the amount withdrawn. There is no interest charged for any unused portion of your credit line. You can pay down your principal during this time period, too.   Timeframe: Typically, the draw period lasts 10 years but it varies by loan.   Repayment period After your draw period concludes, you’ll enter the repayment period. You can no longer make withdrawals. Instead, you’ll start repaying the principal balance of your HELOC.   Payments: During the repayment period, you’ll make monthly principal and interest payments on your HELOC balance. Your balance can also be paid off if you sell your house during the repayment period.   Timeframe: Typically, the repayment period lasts 20 years, but it varies by loan   HELOC qualifications HELOC requirements are based on your monthly income and debts, credit score, employment history and home equity. Qualification requirements vary by lender, but generally follow these guidelines:   Credit score: 680+ DTI: 40% or less Equity: Retain at least 15%-20% equity in your home after the HELOC Income: Proof of sufficient income or assets Closing costs: Lower closing costs than your purchase mortgage Interest rate: Adjustable rates; competitive but often lower than purchase or refinance rates   How much HELOC can you get? The maximum limit for a home equity line of credit is 85% of the home’s value, minus any outstanding loan balance. Occasionally some lenders will allow 90% but above 80% is uncommon. Make sure you have enough equity to fund whatever expense you’re planning to use a HELOC to cover. Try to get the right size of HELOC for your needs, but avoid withdrawing more money than you need, as you’ll have to pay interest on it. Most HELOC lenders require a minimum withdrawal. If you aren’t sure you will use money, carefully read HELOC terms to avoid minimum withdrawal fees or early repayment penalties. Here’s an example: Let’s say you have a home worth $300,000 with a remaining first mortgage balance of $200,000. Your lender will allow you to access up to 85% of your home’s value for a HELOC. To determine how much you can take out in a HELOC, multiply the home’s value ($300,000) by the percentage you can borrow (85%). That gives you a maximum of $255,000. Next, subtract your existing mortgage balance ($200,000). You’re left with $55,000, which is your maximum HELOC line amount.   HELOC Rules: What can you use HELOC funds for? Home equity lines of credit are ideal for immediate financial needs that you intend to pay back quickly to avoid making interest-only payments for 10 years. HELOCs are most commonly used for home improvements that add value to your property and increase your equity. Other popular uses include:   Consolidating and/or paying off higher-interest debt Paying for higher education Covering medical expenses Making large purchases like cars or appliances Funding non-essential expenses like travel Accessing emergency funds Covering the down payment for a purchase of a new home before selling your current home Any expenses with an undefined budget (since you can withdraw and pay interest on only the amount you use)   Can you use a HELOC for anything? There are no restrictions on the purchases you can make with HELOC funds. You can use the money for whatever you’d like, but not all purchases are recommended.   Can you use a HELOC for a down payment? HELOCs are often used to withdraw equity from your home to use as a down payment to acquire a second home or investment property. However, a home equity loan may be a better option, since a fixed interest rate makes your payments more predictable.   Can you use a HELOC to pay off your mortgage? If you can get a HELOC with a lower interest rate than your current mortgage, you may be able to save on interest or reduce your monthly payments by paying off your mortgage with a HELOC.   HELOC closing costs Closing costs for HELOCs are typically lower than closing costs on a mortgage loan or cash-out refinance (which can range between 2% to 5% of the loan amount). However, there are still some fees associated with opening a HELOC. Appraisal fees are typically the most expensive HELOC fee you’ll pay. Here’s a quick rundown of the most common fees: Application fee: This fee is paid as soon as you apply for a HELOC and usually costs $500 or less. Processing and underwriting fees: These fees cover the lender’s administrative cost of opening your loan and range between $200 and $500. Appraisal fee: Expect to pay between $150 and $500 for an appraisal to determine the value of your home It’s important to remember that there may be some additional fees down the road if you close your HELOC early. Be sure to check the terms of your credit agreement for details about any possible cancellation or early closure fees. There also may be a minimum withdrawal requirement–meaning you may have to draw at least a certain amount from your line of credit in a set time period. HELOC interest rates Rates for home equity lines of credit are almost always adjustable, meaning they vary as market conditions change. Rates are competitive, so it’s always smart to shop around for the best HELOC rates. Unlike a traditional mortgage, you aren’t able to use “points,” or loan discount points to reduce your interest rate. However, if you use your HELOC funds to improve your property, the interest you pay could be tax-deductible, thanks to the Tax Cuts and Jobs Act of 2017. You can deduct up to $375,000 in eligible interest as a single tax filer or $750,000 as a couple, assuming the money is used to “buy, build, or substantially improve” the property. Be sure to check with your tax professional for all the details. How to get a HELOC To take out a HELOC, you’ll follow a similar process as opening a mortgage. The timeline is similar, too — it will take 30-45 days to complete your HELOC application and gain access to your funds. Here are the main steps: Check your home equity balance. Compare rates and HELOC lenders. Apply with the lender of your choice. Carefully review disclosure documents for specifics regarding extensions or refinance options to avoid a lump sum payment at the end of your mortgage. Agree to HELOC terms. Complete a home appraisal, if requested. (HELOCs typically rely on an automated valuation unless otherwise requested by the lender.) Support the underwriting process. Sign and close the HELOC mortgage. Begin your HELOC draw period and access the funds you need. Disadvantages of a home equity line of credit HELOCs are secured by your home equity, which means you could lose your home if you don’t make the required payments. Of course, this is the risk you assume with any mortgage. Before you decide to move forward, consider these potential downsides of a HELOC: Reduces your home equity: Since you’re essentially withdrawing some of your home’s equity as cash (with interest), any money you spend from your credit line reduces your equity. Reduces resale profit: If you opt to sell mid-HELOC, your HELOC balance will be paid off at closing, reducing your proceeds. Keep in mind you may also have to pay a cancellation fee. Non-use penalty: Depending on the terms of your HELOC, you may need to withdraw a minimum amount or pay a penalty. Tempting to use for non-essentials: With a large amount of credit at your fingertips, you may be tempted to spend the money on travel or other luxuries. Difficult to acquire: After a few years of rising HELOC popularity, today they can be harder to acquire — not because qualifications have changed but because fewer lenders are offering them.

Government home loans, like VA, FHA and USDA loans, are designed to provide qualified applicants with better loan terms and interest rates. They’re insured by the federal government, and as a result they’re not held to the more traditional guidelines for income, debt, credit and down payment that Fannie Mae and Freddie Mac set. Government agencies work with approved mortgage lenders to help home buyers and homeowners secure financing for their home purchase, renovation or refinance. In addition, the government directly funds mortgage assistance programs to help first-time home buyers and other groups with mortgage related expenses. Each type of government loan caters to a unique set of borrower needs. FHA loans are typically for borrowers who may need more mortgage assistance or who are unable to qualify for a conventional loan based on their income, debt or credit. VA loans provide additional benefits to thank those who have served their country, and USDA loans aid those who choose to live in low populated, rural areas with more affordable loan options. Check if you pre-qualify for a government-backed loan with us at Zillow Home Loans.   What does government-backed mean? Government-backed means that the home loan is insured by one of three government agencies: the Federal Housing Administration (FHA), the US Department of Agriculture (USDA) or the US Department of Veterans Affairs (VA). While the loans are issued by private lenders, the government promises to pay a portion of the loan amount back to the lender if the borrower defaults. This added assurance lowers the risk for lenders, allowing them to offer better loan terms to borrowers.   How does a government-backed home loan work? All government-backed home loans are issued by a private lender, like a mortgage company, bank or credit union. Similarly to any other type of loan, you’ll apply either in-person, online or over the phone with one or more lenders. Because the federal government insures the loan against default, government home loans are typically considered easier to qualify for — putting homeownership within reach for more people. Lenders can offer home loans with better interest rates without the need of a larger down payment or strong credit score. The difference is government-backed loans usually have other types of criteria that you must meet in order to qualify like income limits.   Types of government home loans There are three common types of government-backed home loans: FHA, USDA and VA. Each loan is designed to address specific challenges that buyers and homeowners face when securing financing for a home.   FHA loans FHA loans are backed by the Federal Housing Administration. They’re a popular choice for first-time home buyers, because the credit and income requirements are less strict compared to a conventional loan.   Benefits: FHA loans allow for down payments as low as 3.5% and credit scores as low as 580. In some cases, buyers can have an even lower credit score with a larger down payment. Because of the low down payment requirements, FHA loans are popular with first-time buyers who don’t have existing equity from another property.   Drawbacks: FHA loans aren’t right for every borrower. FHA loans must be used for a home that will be your primary residence. There are also limits to how much you can borrow. Unlike other government home loans, FHA borrowers must pay a mortgage insurance premium, known as MIP, for the life of the loan to protect the lender in the event of loan default. You can shorten that span to 11 years by making a 10% or more down payment. MIP can make both your closing costs and ongoing monthly payments more expensive. You’ll pay 1.75% of the purchase price at closing, then between 0.5% and 0.75% of the purchase price yearly (divided into 12 monthly payments).   VA loans VA loans are backed by the Department of Veterans Affairs and are available to military service members, veterans or their surviving spouses. The goal of the program is to provide a lifetime benefit to those who have given their service to the United States, making home ownership more affordable in the process. VA loans can be used to buy, build or refinance a primary residence.   Benefits: VA loans are easier to qualify for than conventional loans — you need zero down payment, limited closing costs and no private mortgage insurance (PMI). You can also assume the seller's existing VA loan with little to no change in rate or terms. In addition, the seller can contribute up to 4% in concessions.   Drawbacks: Borrowers must pay a funding fee to support the program. For VA loans, the one-time fee is paid at closing and costs between 0.5% and 3.6% of the loan amount. The fee can also be included in the total financed amount and paid over the life of the loan.  Note, some veterans who have a service related disability may qualify to have the fee partially or fully waived.   USDA loans USDA loans are backed by the United States Department of Agriculture and designed to fund rural housing development for low- to moderate-income individuals and families.   Benefits: USDA loans can be used to purchase, build, repair or refinance a home in a qualifying rural area. USDA loans are appealing, because they have a zero down payment option and interest rates as low as 1%, with no mortgage insurance requirements. Additionally, there are lower credit score requirements than conventional loans.   Drawbacks: USDA borrowers have to pay an upfront and an ongoing guarantee fee to help keep the program running instead of paying mortgage insurance. It’s similar to the funding fee VA loan borrowers pay. The guarantee fee is 1% of the loan amount paid at closing, followed by a 0.35% annual premium, split among each of the monthly mortgage payments.   FAQs about government home loans   Are there government home loans for poor credit? Yes. Part of what makes government-backed loans so beneficial for borrowers is that they have some of the lowest credit score requirements. Minimum credit scores vary by the type of government-backed loan. Remember that individual lenders can set their own criteria, above and beyond government requirements, but generally, these are the credit score minimums:   FHA loans: 500-580 minimum credit score USDA loans: 580-620 minimum credit score VA loans: 580-620 minimum credit score   Are there governmenthome improvement loans? Government-backed loans aren’t just for purchasing a home. The FHA, VA and USDA all offer home improvement loans that can be used to repair, improve or modernize a borrower’s home. Similarly, you may be able to find home repair assistance programs specifically designed for making your home more energy efficient. If you’re interested in these programs, reach out to your lender to explore your options. Loan officers at Zillow Home Loans can help you find the right government-backed home loan program for you.   Are there government home loans for senior citizens? Senior citizens have unique needs, and the FHA’s home equity conversion mortgages (HECM) program is a great example of a loan offering that meets this group’s specific needs. A type of reverse mortgage, an HECM allows homeowners 62 and older to convert their home equity into cash, without selling. That money can be used to cover everyday expenses, fund retirement or complete home improvements.   Is there government assistance for first-time home buyers? Yes, there are many government assistance programs for first-time home buyers. Some are federally funded, while others are paid for by city, county or state governments. There are many types of assistance available, depending on your financial situation. Here are some of the most common. Remember, your lender can be a helpful resource in identifying programs that make home ownership more affordable.   First-time home buyer grants: Funded by the federal government, these grants are disbursed by states and other municipalities. There are grants geared toward lower-income buyers, as well as grants earmarked for specific neighborhoods or buyers in certain professions, like firefighters and teachers.   Closing cost assistance: You may be able to find assistance specifically designed to help pay for closing costs. Since closing costs must be paid in cash at closing, they can represent a significant hurdle for buyers with strong credit but limited cash on hand.   Forgivable loans: Structured like a second mortgage, a forgivable loan doesn’t have to be repaid unless you sell the home before an agreed-upon number of years. They’re a popular assistance program for people who need money for a down payment.   It’s important to note that most government assistance programs can be used in conjunction with FHA, VA and USDA loans.

Getting your home and space organized can help you feel more in control of your environment. That sense of order can reduce stress, help you focus on your own wellbeing and achieve your other goals. Follow these tips to organize your whole home quickly and easily.   1. Set up a no-fail garage system Your garage, if you have one, can be one of the most overcrowded places in the house. Applying an organizing system for your garage can serve as motivation for tackling the rest of your space as it's often the first thing you'll see when you arrive home. Start simple, with just a few materials:   Hang some peg board Put some tool hooks in the holes on the board Using a thick marker, draw an outline around each tool to reserve its location.   This approach to tool storage can help alert you when tools are missing, and also helps other members of your household put things away because it’s easy to see where to place each item.   2. Cut laundry time in half How can one of the smallest rooms in the house seem so chaotic? And why does doing laundry seem to take up so much time? Here’s a laundry system that will save you time and restore your sanity. First, provide everyone in your household with their own laundry basket. Put their names on the sides of the baskets so there are no lost items or mix-ups. Now here’s the secret: When the wash is done, rather than placing the clean laundry on the dining room table or the stairs (and watching everyone walk by without picking up their clothes), have everyone come to the laundry room to pick up their personalized basket of clean clothing.   3. Work some kitchen magic The kitchen is the activity hub of most homes. It’s a busy area because family members or roommates use the kitchen at least three to five times a day. We open our mail here, study, read, use our laptops and tablets here — not to mention, it’s where the food is. Because we have so many varied activities happening in the kitchen, it’s wise to create separate stations for those activities. One way to accomplish this is to invest in a rolling cart — whatever style and size works best in your kitchen. Use this cart to establish a dedicated space for one of your most common activities. For example, create a lunch-making station stocked with a cutting board and knife, salt and pepper, paper towels, and non-perishable food items (bread, oranges and apples) and snacks. Create the space for your family to assist in making your life easier while also keeping one station of like-items together.   4. Put it in writing Whether you’re a one-person household or a family of five, one tool can save your life or home: a household manual. The beauty of this handy tool is it doesn’t have to be compiled all at one time, and it costs you nothing to create. Grab a three-ring binder and a three-hole punch, and keep your essential information in the binder. To get started, collect your emergency contact info and other vital information such as the name of your vet, school rosters, alarm codes, medication doses for your kids, the name of your father’s caregiver, and where your home’s gas shut-off valve is located. As you continue to organize your home and find more essential documents, you can add to the binder. For those who prefer a digital approach, store your manual on a highly secure cloud service.   5. Use a charging station Many people are frustrated by cell phones, iPad chargers, memory sticks and tangled cords sprinkled throughout the house. Relaxation and recreation activities often seem to need the power of a charging station that’s easily accessible — and it doesn’t hurt if it’s attractive too. One simple solution is to consider a charging station that conceals the cords, keeps all the electronic items together, and looks good while doing it.   6. Tell a tidier toy story Whether it’s grandparents or new parents, one of the biggest complaints of people who share their home with children is about picking up toys. Here’s one idea that will shift your play storage situation from frustration to elation. Use colorful bins to hold toys, designating each bin to hold one type of toy, such as musical instruments, cars, dolls, games or Legos. To make it even easier for children to put items away, find pictures of the toys in magazines or online, and use them to label the bins. If you have dolls or stuffed animals in one bin, attach the matching picture to the front of the bin. Keep the number of bins small, but make sure the bins are large and easy to access.   7. Declutter the bedroom closet Bulging closets and growing piles of clean and dirty laundry may nix the possibility of rest. Decluttering in the bedroom creates a sanctuary for both. Starting with the closet is good move. Once the space is clear, it all boils down to finding what you need when you need it.   Here’s a quick process for getting your closet in order: Clear the floor so you can move around easily. Make sure you have proper lighting. Pull everything out. Only put back in what fits you right now, is stain-free, and requires no repairs.   8. Set kids’ closets straight For organizing kids’ clothes, there’s no better tool than a hanging shelving unit. Designate one pocket for each day of the week, and label it. Each weekend, pick out clothes for the following week, and put them in the pockets for the day your child will wear them. Imagine a calm morning without clothing conflict.   9. Bundle toiletries and grooming tools Some bathrooms are small, and everyone seems to have their own favorite shampoo, hairbrush and brand of toothpaste. Drawer, cabinet and counter space tends to run out quickly. If this is your situation, try assigning everyone in the house a bathroom caddy, loaded up with all their cosmetics, toiletries and grooming tools, and labeled with their name. Store the caddies on a shelf in the bathroom or carry them to and from the bedroom. The bathroom stays organized, and there’s an automatic clean-up built in after every visit.   10. Simplify — and go easy on yourself Eliminating clutter is the best thingyou can do to make your home feel more manageable. Less clutter means less stuff to clean and organize in the first place; take just 10 minutes today, and eliminate 10 items you no longer need. Most importantly, don’t get too hung up on the details. Your home doesn’t have to be perfectly organized every day. Sometimes “good enough” is just fine.

  Once the exclusive domain of the wealthy and technologically inclined, smart home tools and systems are becoming more accessible and new products are constantly coming on the market. Here’s a brief smart home guide to help get you started with smart devices and connected homes.   What's a smart home? Essentially, a smart home uses technology and internet connectivity to automate tasks and make its functions more efficient and convenient. Some examples are thermostats that control the temperature, lights that turn off when you leave a room, or controls that configure your entertainment system for the best movie experience. “While ‘smart home’ is a concept that’s been around for a decade, new technology has made it more common,” says Mark Benson, head of SmartThings, Samsung’s home automation company. In the last few years, smart home devices have become easier to install and use, and they’re becoming more affordable. You can equip your home with a few basic smart home devices for less than $100. Installation can be as simple as downloading an app and screwing in a smart light bulb or outlet adaptor. And as remote work looks here to stay, home offices offer another catalyst for smart home tech adoption. “Consumers are reimagining their homes and thinking about them as places of relaxation, safety and now work,” Benson says. “People want more from their homes, and smart home technology and home automation are helping them make their homes better. That has led to a rapid adoption of smart home tech in just the last few years.”   Smart home apps and automation Most smart home devices usually come with a corresponding app or platform, or work with a major smart home ecosystem, like Samsung’s SmartThings, Google Home or Apple’s HomeKit. Third-party manufacturers often offer their own app and indicate compatibility with the larger systems (“Works with Alexa,” for example). If you’re adding to a system, confirm that your additions are compatible with the components you already own. Recently, Alexa, Apple Home, Google Home, and Samsung SmartThings have adopted a common smart home software language called Matter. Matter promises to allow devices to work together across different platforms and ecosystems. If it works as advertised, you could, for example, pair Google Nest controls with Apple HomeKit devices. But Matter or no Matter, it pays to do a little homework before adding to your system. With these devices and apps, you can set up what’s often called ‘home automation,’ like timing lights to turn on and off when you’re on vacation, or shutting down the home for bedtime. “In my house, we have some automation through the SmartThings app that shuts the house down at night,” Benson says. “We call it ‘Good night.’ So, when we’re going to bed, we can just say, ‘Alexa, Good night,’ and the home automation turns off the lights and locks the door.”   Types of smart home tech If you’re looking to explore the world of smart home tech, below are a few common starting points.   Smart lights and switches Smart lights, including bulbs and switches, are one of the easiest and least expensive entry points to smart home technology. You can control them either remotely, via an app on your smartphone when you’re away from home or with a voice assistant when you are at home. “Installing smart lighting is as easy as putting in a smart light bulb and downloading an app to run it,” Benson says. “You can get a lot of energy savings from turning off lights when no one is in the room,” he says. “You can also set the right mood for watching a movie without going around and hitting every light switch in the room.” You can use smart lights indoors or outdoors, so you can easily control lights on the porch, in the living room or in your bedroom by touching a screen or speaking to a voice assistant.   Smart thermostats Smart thermostats, like Nest or Ecobee, are one of the top-selling smart home device types in the U.S. About  30% of North American homes use one, and they now account for half of annual thermostat sales, according to the Department of Energy. Smart thermostats allow you to create programmable temperature settings based on your schedule and needs. They’ll turn off the AC or heat while you’re at work and turn it on an hour before you get home each day, so you aren’t wasting money heating and cooling an empty house. “Smart thermostats use sensors to detect when you’re home, and they only run the HVAC when you are there,” Benson says. “They can save you a lot of money on your energy bill.”   Security cameras You can get indoor or outdoor cameras that keep an eye on your house. Outdoor cameras, specifically video doorbells like Ring and Nest, have become extremely popular smart home ideas, Benson says. They can let you answer your door wherever you are, whether it’s the other side of the door or the other side of the country. What’s more, Zillow research shows that listings that mention doorbell cameras can help a home sell about five days faster than those without, so adding one could prove to be a worthwhile investment if you’re thinking about selling in the near future. Video doorbells have sensors that detect motion and turn on the camera when someone steps on your porch. The camera then streams live video to your phone, so you can see who is at the door and even speak to them through your phone. So you can talk to the FedEx guy while you are at work and tell him where to leave your package. And then you can keep an eye out for porch pirates who might steal your package once he leaves it. “Video doorbells add a lot of security and give you peace of mind,” Benson says.   Smart locks Smart door locks let you lock and unlock your house with the tap of a finger or voice command — no key needed. You can unlock the house for a guest or the housekeeper while you’re not home. You can set up entry codes that work for only a certain timeframe, so you control who has access to your house. Some smart locks allow you to monitor who comes into your house, in real time, so you can see if your kids got home from school or if the dog walker showed up.   Smart home security systems Smart home security setups have come down in price in recent years, with many popular systems costing only a few hundred dollars. These systems usually feature sensors to monitor your windows, and many come equipped with smart locks, doorbell cams, or offer them as add-ons. Some systems also offer smoke and carbon monoxide detectors and professional monitoring. They can either be professionally installed or DIY, hard-wired into your home or battery powered.   Smart appliances Even your appliances can now hook up to the internet and do amazing things. You can get smart refrigerators that send a notification to your phone when the use-by dates of your yogurt are near, or send a live video stream of the inside of the fridge while you're at the grocery store, so you can see if you're low on milk or lunchmeat. You can get washing machines and dryers that allow you to run a cycle remotely from your phone, so you can dry a load of clothes for 10 minutes longer without getting off the sofa. These are really next-level smart home devices.   Smart home privacy and cybersecurity Unfortunately, smart home devices come with some well-documented privacy concerns. Amazon keeps a copy of everything you say to Alexa, and Google has been keeping the recordings from its voice assistant to train its artificial intelligence. Even your smart light bulbs could be recording data about you that goes back to the bulb’s manufacturer. Remember, you almost always have to enter some personal information to activate a new device, so the manufacturer possesses that data. For now, surrendering some of your data might just be a trade-off for this futuristic technology. Smart home devices also come with some well-documented cybersecurity risks. While it may seem like no big deal if someone gains access to your smart bulb, bad actors can get creative and wreak havoc. At a minimum, take basic security precautions with these systems. Password-protect your wifi, maintain good passwords, keep everything up-to-date, and when possible use two-factor authentication.   How to get started with a smart home system It’s easy to scale smart home technology. Buy one or two devices, then expand your smart home one device at a time. “Our statistics show that 74% of people with smart homes started with one device,” Benson says. “They didn’t start with a whole system.” He says Samsung’s research shows most people start with smart lights, then add a smart thermostat, then a smart lock and security cameras. “Lights are extremely accessible,” he says. “As you add more devices to your smartphone over time, your smart home grows with you.” Don’t be intimidated by smart home technology. Dipping a toe into home automation can make your home more comfortable, safer and maybe even more valuable.

  A farmhouse sink. LED lighting. A pot filler. You might think these relatively low-cost home upgrades wouldn’t add much value, but our research shows that these and other home upgrades with modest price tags could pay for themselves — or even generate big returns — when you sell your home. An analysis of more than 271 features in the listing descriptions of 1.98 million homes sold in 2022 found that some home improvements are associated with higher than expected sales prices.* The features analyzed won’t guarantee that your home will sell for more if you include them in a for-sale listing. But the following upgrades — gleaned from those listings — offers a good starting point for moderately priced home renovation ideas that could add value to your home while making life a little sweeter.   Under $500   1. Upgrade your kitchen features If you’re looking for a place to start, you might want to begin with the kitchen. Sellers poured a lot of love into their kitchens, with upgrades that would have been considered unusual before people began spending more time at home cooking during the pandemic. Appliances and features that became popular with home cooks over the past several years topped the list of features associated with a price premium in 2022. Among them: steam ovens, which snagged the number one spot among the improvements. Small steam ovens can be had for under $500, while wall ovens will run you several thousand dollars. The ovens may pay for themselves, however: listings that mentioned a steam oven sold for 5.3% more than expected. Pizza ovens came in second, netting a 3.7% price premium on homes that mentioned one in their listings. Prices vary wildly for the ovens: a commercial grade oven can run you upwards of $10,000, and a residential kit for an outdoor oven can run about $3,000. But you can find some smaller portable units you can incorporate into an outdoor kitchen for several hundred dollars. Homes with farmhouse sinks in which to wash vegetables for all those fabulous pizzas sold for 1.2% more than expected.   2. Add a retreat space When mentioned in a listing description, quiet rooms and personal spaces command a sale price premium of 2.5% for a “she shed.” Keep the cost affordable by creating the space yourself or decorating a shed you already own as a DIY project.   3. Go with LED lighting Switching out older light figures for more energy efficient LED fixtures can save you money on your electric bill and could help you net a higher price when you sell. Homes with listings that mentioned LED lights sold for 1.5% more than expected.   Under $1,000   4. Install radiant heat Few things feel as glorious as stepping onto a heated floor after a shower, which may be why homes that include heated floors or radiant heat in their listings sell for a 2.1% premium. Installing radiant heat can be an expensive undertaking, but adding it as part of a bathroom remodel could bring luxurious comfort and eventually pay for itself. Kits consisting of a 120-volt mat that covers a small area of flooring are available to help make this DIY friendly. The mats, which require a thermostat, must be connected to an electric source, so you might consider bringing in an electrician to help with the wiring. According to home care app Thumbtack, the national average cost to install radiant floors with the help of an electrician is $5-$20 per square foot. Installation and operating costs will depend on the type of radiant heat you use, the size of the room, and the cost to demo and install it. For a small to medium-sized bath, you can expect to pay anywhere from $450-$700 for electric floor heating in a small to medium-sized bathroom.   5. Try “luxury” vinyl floors Plank-style vinyl flooring, which can be purchased for as little as $2 square foot, can mimic the look of wood, ceramic tile or stone. It’s become popular with homeowners because of the ease of installing it and the relatively inexpensive cost compared to other types of flooring. Homes that included it in their listings sold for 1.4% more than expected.   6. Incorporate modern farmhouse style While you can create a simple farmhouse look on a small budget, for the last few years, the focus has been on shiplap, a traditional wall covering of interlocking wood panels. Modern shiplap is attractive, and it provides additional insulation against cold weather. Some designers have suggested shiplap may go off-trend in the near future, however. Other elements of this style to consider adding include:   Barnboard details Wide plank floors Wrought iron accents Vintage accessories Architectural salvage Reclaimed wood   The modern farmhouse look commanded a 2.4% price premium when mentioned in a listing description.   7. DIY Shaker-style cabinets Installing a whole set of new cabinets is a pricey undertaking, but you can still incorporate the popularity of Shaker-style cabinets by replacing only the cabinet doors. You can typically buy individual doors at your local hardware store or cabinet store, or you can custom create them yourself. Home listings that mentioned Shaker cabinets in the listing description fetched a 1.7% price premium.   Higher-ticket items Home upgrades that add value don’t have to involve costly, disruptive or time-consuming renovations. But if you’re ready to go even further, these bonus-category home upgrades could also add value to your home.   8. Update your kitchen countertops Buyers are clearly willing to pay more for an upgraded kitchen, and that includes countertops. Quartz and soapstone countertops were each associated with a 2.5% premium, terrazzo brought in 2.65% more and butcher block 1.25% more.   Buyers generally also appear willing to pay more when the listing description includes these features: Hurricane shutters, 2.3% more Outdoor kitchen, 2% more Induction stove, 1.7% more Pot filler, 1.6% more Steam shower, 1.5% more New appliances, 1.4% more   If you want to make these or other pricier upgrades while you still own your home and you’re short of cash but have at least 10% equity, you might consider home-improvement financing. A second mortgage lets you borrow a lump sum with a fixed interest rate. A home equity line of credit, or HELOC, gives you a credit line with a variable interest rate. If you’re ready to sell and don’t want to make upgrades yourself, a credit at closing toward the cost may help entice buyers who value these home features. If you’re on the fence about whether to make improvements, you might also consider this: Homes with listings that included the words “fixer upper” sold for 4.1% less than expected.

  With self-care becoming more of a priority than ever, many people are focusing on turning their homes into dedicated spaces that help them prioritize their health and wellness. And just like they’ve gotten creative with WFH setups, homeowners have come up with a variety of ways to squeeze in a spot to exercise, meditate and relax at home — whether it’s converting an existing space or adding on a new one. Looking to adopt healthier habits at home as we head into the summer? Here are a few tips to get you started.   Add a gym Hitting the gym can be an integral part of your daily routine, and having access to one at home can make heading to the gym — and committing to going often — that much easier. And you don’t have to have a huge space to make the magic happen. If you don’t have the square footage or a hefty renovation budget to allocate towards making an entire room to a home gym, a well-dedicated corner and some strategic equipment (like a single kettlebell, a weighted jump rope or the high-tech and low-profile Mirror) can be perfect for small spaces in an apartment or a condo. Plus, having the equipment in your line of sight daily will motivate you to make working out a more integral part of your daily routine. Rather than throwing your yoga mat in the closet, try to set it out and use it as a friendly reminder to take a few minutes for yourself. Have more room to sweat it out at home? You can opt for bulkier equipment like the tried-and-true treadmill, heavy-duty gym mats, a stationary bike, a rowing machine or weight lifting equipment.   Where to store your equipment Deciding where to store your home gym equipment can be a challenge, especially if your home isn’t filled with natural light. Try to find a spot that makes exercising at home relaxing and inspiring rather than a tiring chore that you can’t wait to cross off your list. If you can help it — and you have open space that gets a little sunlight — avoid spaces like windowless rooms or basements that don’t have natural light. Aim to put your setup in a garage, spare bedroom or kids’ playroom if you’re able to fit your equipment in those spaces. This also might open up an opportunity to experiment with additional lighting or floor-to-ceiling mirrors.   Add a meditation zone Creating a nice, quiet spot to meditate or reflect is not only a nice asset to have. It’s a full-on necessity for a well-rounded health and wellness routine at home. To create a personal meditation zone, seek out a peaceful space in your home — whether that’s a sunroom, a patio, the corner of your bedroom or even a walk-in closet — and gather or purchase items that help calm you. When you’re making this list, consider a tray of candles, a bundle of soft pillows or an area rug, perhaps. When it comes to the décor, opt for muted or neutral colors for the fabrics, paint and accessories in the room, which will lend to the tranquil vibe you’re trying to create and curate. Use this special space to do yoga, listen to a meditation podcast or simply enjoy some peace and quiet for a few moments. Incorporate soothing colors   The colors you choose for your walls may seem inconsequential, but they can really change the entire mood and energy of your home. Paint color can go a long way in helping you create a serene space. Soothing colors like periwinkle blue, sage gray, a soft white or a muted green are perfect for rooms in the home that are intended for calming down and resting, such as a bedroom, bathroom or sunroom. A bonus? Certain paint colors can even help you sell your home for a slightly increased percentage.   Create homecation vibes You shouldn’t have to escape your home for a vacation. Although it’s no substitute for an all-inclusive trip to Jamaica or a jaunt around Europe, homeowners are increasingly interested in giving their homes a homecation makeover — incorporating small luxuries to make everyday life feel more relaxing and fun. Adding upgrades such as a heated towel rack or a relaxing rain showerhead are small-scale ways to make your bathroom feel more luxurious. When it comes to your bedroom, consider investing in quality linens or purchasing a large canopy bed. Interested in more permanent vacation vibes at home? Our research shows that including a saltwater pool as a listing feature helped homes sell for about 1.5% more, and in-ground spas, hot tubs and Jacuzzis helped homes sell for 0.7% more, suggesting there is a higher demand for these features.   Add smart cleaning technology Smart cleaning technology helps make your home feel like a fresh, healthy and calming environment where you’ll enjoy spending time. Small changes, like making disinfecting a bigger priority at home, will bring you some peace of mind and make your day-to-day lifestyle more calm. Beyond scrubbing and disinfecting surfaces the old-fashioned way, there are multiple high-tech options that you can add to your home, such as touchless appliances — everything from light fixtures to kitchen faucets — and even self-cleaning toilets that clean with every flush (and deep clean with the push of a button).    

Finding an apartment when everyone else seems to be looking for one, too, can test anyone’s optimism. Knowing how to find an apartment for rent quickly and with the least hassle can put you back in the positive zone so you can shift your energy from hunting for a home to moving into one. Below are 11 tips for how to get an edge on finding apartments, along with insights to help you gauge when your landlord or property manager might be open to negotiation.   1. Start your research ASAP — ideally at least four months before your move date This may seem obvious, but it’s nonetheless important: As early as you can, make your wish list and begin looking at rental listings that meet your priorities. The sooner you start your search, the more time you have to readjust your expectations and hone in on the best fit. For example, you might discover that an in-building fitness center isn’t as important as you thought if it means you can save a little extra cash each month, or that you actually really do love living a 10-minute bike ride from work. The more you’re crunched for time and fiercely competing with other hopeful renters, there’s a higher chance you settle and have renter’s remorse.   2. Focus your apartment search about two months before your move date Now that you have a sense of what’s realistic, it’s time to get serious. When looking at listings, pay special attention to apartments that become available in the first two weeks of the month because that is when you are likely to have the most to choose from. The end of the month is likely to be the most competitive. Keep your wish list and priorities top of mind. If budget is your primary concern, focus on neighborhoods that have the largest share of units in your price range. (We show you how to do that below.)   3. Be clear-sighted about your maximum rent In times where both competition and rents are high (by May 2024, the typical U.S. monthly rent was $2,125), it can be tempting to stretch your budget in order to land your dream apartment. Being clear sighted about your maximum spend ahead of time can help ensure you’re not overexerting your wallet. Try our Rent Affordability Calculator to determine what monthly payment would comfortably fit in your budget. Experts say a home is generally considered affordable if it takes up no more than 30% of your monthly income. Don’t waste time and application money on apartments that will leave you with little cash for fun, savings and other expenses.   Tip: Zillow’s Local Legal Protections tool gives you information about local laws that protect renters from housing discrimination based on the source of income used to pay the rent, such as housing vouchers.   4. Set reasonable expectations for the locations you’re searching in You don’t need to be an expert in economics to understand what typical rent should look like in your area or when conditions lend themselves to getting a better deal by negotiating. Use Zillow’s Rental Market Trends tool to see the number of available rentals and their price range in any given zip code or metro area. Search for rentals based on the number of bedrooms they have, and compare rents and availability in two different areas. The tool also will tell you the median rent in the area you’re searching.   5. Save time with a single application Application fees can add up and prevent you from casting a wide net. Zillow gives renters the option of applying online to an unlimited number of participating rental properties for 30 days for a single $29 fee. The option doesn’t include every rental listed, only those properties that participate in the program. The application includes credit and background reports.   Tip: If your gut feeling is telling you that you’ve found “the one,” consider filling out an application online if the option exists before you tour in person. This shows the property manager you’re already a serious applicant when you visit the property.   6. Use filters and alerts The Zillow app can alert you to new listings that match your home preferences in your preferred area. Use search filters to narrow your choices by price, home type, bed and bath preferences, pet requirements, laundry access and other amenities — and then save that search. Don’t forget to use floor plans and 3D tours to help refine your search and focus your in-person visits to apartments that have the most appeal for you. That way, you’re not waiting in line to tour a home with poor natural light, while the perfect townhouse around the corner is getting snapped up by someone else.   7. Let friends, co-workers and family know you’re looking for a place The rental market is in a constant state of churn. The people in your networks may know of units opening in their buildings or know someone who is moving out. You could nab a place before it even hits the market. Get one step ahead of the competition over a listing, and consider posting in Facebook or Nextdoor groups for the neighborhoods you’re interested in to ask about any rentals coming on the market.   8. Consider negotiating lease terms and conditions In a hot market, negotiating the terms and conditions of a lease might seem like a waste of time. It’s not. Property owners manage complex businesses. Finding stable, reliable tenants takes time and effort. If you fit the bill, you might consider the following:   Offer to sign a longer lease. If you plan to stay for two or three years, offer to sign a longer-term lease. You could stand out as an applicant while also locking in your rent for several years.   Offer flexibility. If you have the flexibility to move in quickly or on a timeline that is convenient for the landlord, mentioning that could also lead to a potential discount or give you a leg up in the screening process.   Ask about rent concessions. If lower rent is not an option, a landlord may be open to discussing other perks and amenities that can save you money. For instance, consider asking for lower pet or gym fees or free parking.   9. Search just outside your preferred area If your market is super competitive, consider searching on the periphery of your preferred neighborhood to see if you can find a better deal while still being in proximity to your desired location.   10. Walk the neighborhood(s) where you want to live Owners of small buildings sometimes hang “for rent” signs or post notices in local coffee shops to attract people already living in the neighborhood.   11. Stand out from the pack by being prepared Landlords often use credit scores when qualifying potential tenants so make sure yours is in good shape. A few months before you move, consider checking your credit score with all three credit agencies, correct any errors and consider not racking up large amounts of credit debt or making a large purchase before you find a place. Line up references and collect paperwork that shows you have the income to pay the rent they’re asking. Pro tip: Use Zillow’s Renter Profile to introduce yourself to landlords and let them know what you’re looking for. Create a personal profile outlining your renter qualifications, such as a personal bio, employment, self-reported income and credit score, as well as your desired move-in date and lease duration. A profile allows you to stand out even with properties not accepting applications.

  Whether you’re looking for an apartment, single-family house or townhome, be prepared to spend a lot of time online and even more time driving around to tour the most promising places in person. If you want to save time and avoid headaches, make sure that every rental listing you consider has all the information you need to make an informed decision. High-quality listings help you weed out the places that don’t fit your criteria (wait, Fido’s not welcome?), but they also indicate an organized, communicative and professional landlord — something every renter wants. As you begin your search, consider these five important things every good rental listing should contain:   1. Detailed details Front and center should be the number of bedrooms and bathrooms, square footage, storage space and a floor plan to help you visualize the layout. Bonus points if there is a 3D tour. Did you know you can filter rental listings on the Zillow app to only show ones that include a 3D tour? Avoid listings with vague terms like “junior one bedroom” or “open one bedroom.” According to Zillow research, 69% of renters require their preferred number of bedrooms. Landlords know this, so they get creative with descriptions to attract more tenants. If you’re moving to a new part of town or an entirely new city, look for listings with important facts about the neighborhood, including proximity to transit or major freeways, convenient shopping centers, and nearby recreation and entertainment options. Don’t rely solely on the listing description itself — test out things like walkability and commute using the Travel Times, Walk Score®  feature in the Zillow app.   2. Your must-have amenities It may seem obvious, but nice-to-have in-unit amenities, like recent renovations, hardwood floors, plenty of windows and upgraded kitchens can sometimes overshadow the fact that the necessities aren’t there. Beyond basics like heating and kitchen appliances, every renter has different amenities that they consider must-haves. Does the listing you’re browsing have yours? The most popular amenities renters look for include air conditioning, in-unit laundry, ample storage and private outdoor space. Shared amenities should be included in the listing too — things like parking, rooftop decks, fitness areas, outdoor space, swimming pools and bike storage.   3. Major (and potentially problematic) policies The listing should disclose any policies that could be a deal breaker for you. Examples include rules around pets (including specific breeds), the maximum number of people who can live in the unit, smoking, parking, noise and — most importantly — lease terms and length. Additionally, see if you can tell if the landlord lives on-site or if a local property management company manages things. If the landlord is nearby, they’ll likely handle repair requests quickly, along with general building upkeep and maintenance.   4. Clearly described costs Make sure the landlord is exceptionally clear about the dollars and cents:   What is the monthly rent? How much of a deposit is required, and is any of it refundable? Are there any one-time fees? Is there a pet fee or monthly charge? Does parking cost extra? Who pays for utilities?   These additional charges can quickly move a listing from feasible to fruitless, so make sure you have all the info you need to do the math ahead of time.   5. High-quality photos Focus on listings that have not only good photos but also recent photos — and lots of them. Look for listings that include both interior and exterior shots, plus photos of all shared amenities. But renter beware: If the landlord says the photos are of a similar unit — not the one that’s actually for rent — you may find yourself looking at a phantom property or in a bait-and-switch situation. Once you find a few listings that include these details, you’re off to a great start. You can more easily compare properties side by side, identify deal breakers and find areas where a landlord might be open to compromising.

  Many of us think of our pets as family, and just like not every home is a good fit for our family, not every home is a good fit for our pets. Is there enough space? Can you afford the pet rent? What about a yard? Even in the dog-friendliest of cities, where the majority of listings are pet-friendly, these are factors that can distinguish the ideal rental from all the others. And depending on where you live, how many pets you have, and what breeds they are, finding the right fit isn’t always a walk in the park. Landing the perfect home for both you and your pet is possible with the right preparation and paperwork. Try these suggestions for finding a pet-friendly rental to help streamline your search and application process.   1. Start your search as soon as possible The hard truth is that if you have pets — particularly a large dog — it may take longer to find a suitable rental. Some landlords have a strict no-pet policy. In this case, their preference is to eliminate the risk that a dog or cat damages property or creates excess noise for the neighbors. So with potentially fewer options to choose from, give yourself extra time to search if you’re on a deadline. Begin by narrowing your search to pet-friendly rentals. On Zillow, this is designated by size and type of pet allowed (see more tips on searching for rentals on Zillow). Keep in mind that if a listing doesn’t say anything about pets — whether they’re allowed or whether they aren’t — you may not want to discount the rental. Consider reaching out to the landlord or property manager in this case to clarify their pet policy once you’ve browsed all your pet-friendly options. Also, consider looking at single-family properties. Landlords of individually-owned properties may be more likely to be flexible and accept pets on a case-by-case basis. Using keywords like “pet friendly” or “dog friendly” in your search can help narrow down rental listings as well.   2. Set a budget You’ll want to factor into your search the various pet-related costs that you may incur on top of your rent. Many landlords charge either a one-time pet deposit or a one-time pet fee; they are different things. The former is refundable. You should get your pet deposit back if your landlord decides the pet didn’t cause significant damage to the home. A pet fee, however, is non-refundable. Pet fees are typically requested by the landlord in order to cover any potential cleaning or repairs needed after you move out. Pet deposits and fees vary, but typically range from $50 going up to several hundred dollars. You might also encounter pet rent at some properties. This is either an annual or monthly fee that’s added to your rent. Some rentals require you pay both pet rent and a pet deposit or fee. Some states or cities have laws that limit how high these amounts can be, so check if this applies where you’re looking to live. If you have a dog, especially a large dog, you may be required to pay an additional pet deposit, pay extra for insurance that covers your dog’s breed or even rent on a month-to-month basis until your pooch earns your landlord's approval.   3. Ask for a conversation If you have your eye on a particular rental house or apartment complex and you’re unsure of their pet policy or think there may be flexibility, ask upfront if they allow pets. If you get a “no” and you’re pretty set on calling this place home, ask if you can discuss things. You might have success convincing the owner of single family rental homes or smaller complexes to change their minds, especially if they have pets of their own. Always lean on talking with the landlord to arrive at a solution — and never hide the fact that you’ll be living with a pet in the rental.   4. Write a pet resume It might sound surprising, but submitting a resume for your pet could sway your landlord — some places even require them. This document can attest to your pet’s good behavior. Have they completed any training courses? How are they with kids? Additionally, to prove that you’re a responsible pet owner, have your pet’s current vaccinations and license available to share with the landlord. And a cute photo might just win over a doubtful property owner. If the circumstances allow, consider offering to bring your pet to meet the property owner. This could give you an opportunity to show how well-trained your pet is and put your potential future landlord’s mind at ease.   5. Contact your local pet organizations for pet-friendly rental directories Local pet organizations often have a list of pet-friendly apartments in your area. The Humane Society has a list of tips for finding rental housing with pets, information about pet-owner rights and tips for keeping both your pet and landlord happy, once you land your rental. You could also lean on your neighbors and fellow dog owners. Check Facebook groups, or sites like NextDoor and Reddit to see what leads people might have. If you have a particularly large dog, or one that’s classified as an aggressive breed, you may have an even harder time finding a rental that’s right for the whole family. Your local animal shelter, breed rescue or advocacy group likely has a list of apartment communities that will accept your specific breed. For example, the website My Pit Bull is Family has a list of pit bull-friendly rental housing providers in each state.   6. Review your lease before signing If you wind up finding a listing that seems like a good fit, that’s a huge task off your plate. The property manager says they’ll accept your dog or cat, and the rent and fees are within your budget. But don’t let your excitement rush you into a lease. Read your lease agreement over and see if there are size restrictions that would increase your pet fee — or disqualify you from living there altogether. It should also spell out if said fee or rent is per pet, and be sure you understand what rules you and your pet have to follow. If you have a question or were told something that isn’t mentioned in the lease, ask your landlord to clarify. Be sure to document any fees and other pet-related factors in writing if they’re not already included. This can cover you in case anything unexpected happens that you’d previously discussed with your landlord.

Perhaps you’re looking for a fresh start, a place where you can search for a new way of living. Or maybe you’re a remote worker who’s decided to uproot to increase the odds of finding a home or rental that matches your budget. Or maybe you’ve found it's important to be closer to the people and places that make you happy. Whatever your reasons for moving, it's a good idea to prepare yourself financially as far in advance as you can to make your move less stressful. If your stress is related to the bigger financial picture involved in moving, this post is for you. Read on to learn what factors you should consider when planning your move, from beginning to end.   1. Check your credit scores Credit scores are super important — they can influence how much your housing will cost — or even whether you’ll be able to rent or buy the home you want. Concerns about credit scores and the disproportionate impact they have on consumers with limited credit histories have led to local rentals laws that limit their use. That said, landlords and lenders both use them. If you’re buying a home, credit scores will help determine whether you qualify for a mortgage and what interest rate you’ll pay on it. It could take a few months to boost your scores, and it’s worth taking the time to do that,  especially if you’ve fallen behind on your bills or haven’t had time to build a credit history. If you’re unfamiliar with credit scores, the Consumer Financial Protection Bureau is a good place to start for basic information, links to getting free copies of your credit reports, and troubleshooting issues. Credit scores can have wrong or outdated information that works against you, so make sure they reflect reality.   2. Compare the cost of putting a roof over your head here and there A Zillow® analysis of United Van Lines move data shows that movers tend to move to metro areas that are less expensive and have less competition from other home buyers. This trend has intensified in the past couple of years as housing affordability declined. Unless you're getting paid to move, spend some time online looking at properties where you live and where you’re thinking of moving. Consider the following:   If you're renting... Zillow has a tool that allows you to quickly assess how many rental properties in the city you're moving to fall into your affordable range. Just enter your monthly take-home income, debts and a location, and see the number of affordable apartments currently available. (The tool considers a home to be affordable if rent consumes no more than 40% of your income before taxes.) For instance, a single person taking home $3,000 a month and paying $500 a month toward debts could have more than a thousand affordable rentals to choose from in St. Louis, but only about a dozen in Boston. Explore Zillow’s Rent Affordability Calculator   If you're buying... You can compare the cost of a typical home in cities around the country by using Zillow’s home value index. If you have a certain neighborhood in mind, you also can search by zip code. To drill down on homes in your price range, use the general home search. Keep in mind that in addition to your mortgage, you will have to pay property insurance and property taxes. (Most mortgage lenders will add those costs to your monthly payment.) If you’re putting down less than 20% toward the purchase, your lender will likely require you to pay for private mortgage insurance until your equity in the home reaches 20%. For sizable loans, that insurance can add hundreds of dollars to your monthly cost.   3. Account for extra expenses in your first few weeks or months There’s likely to be a period of transition from the old to the new. Unless you’re lucky enough to have friends or family to stay with or an employer that’s providing a housing allowance while you look for a new home, you’re going to need a place to stay while looking or waiting to close.   Extra costs to consider for renters Upfront costs of moving into a new apartment. This may include application fees, security deposits and background checks.   Pet fees. If you have a pet, you may be required to pay a higher security deposit and/or an extra monthly fee.   Utilities not included in the rent. Alsofactor in any deposits you might have to pay before a utility company provides service. Utility costs can vary widely between cities, and bills also will vary based on the size of your home and weather patterns that affect consumption. If you’re likely to be running air conditioning or heating 24/7, things can get expensive quickly.   Appliances. Not all rentals come with a refrigerator, so make sure your new home will be equipped with one. Buying even a basic fridge new can run you hundreds of dollars.   Extra costs to consider for buyers A basic set of tools for home maintenance. If you don’t want to spend on tools you won’t use frequently, you can always borrow a lawnmower or hedge trimmer from a neighbor or friend, or save money by renting one cheaply if you’re lucky enough to live in a place with a tool library. See our list of tools every homeowner needs.   Utility costs. This could include electric/gas, water and trash. Factor in setup costs for cable or internet if the home isn’t already wired.   Appliances and furnishing. Consider which appliances will need replaced in older homes that haven’t been updated. Factor in major furnishings, and whether you'll buy new, or pay to move and store what you have.   HOA fees. Condos and homes in planned communities usually have homeowner associations (HOAs) that charge monthly or annual dues for the maintenance and repair of common areas.   4. Compare taxes and fees Each state, county and municipality has its own way of keeping the lights on, the roads maintained and the services running. Some states rely on income taxes while others rely primarily on sales tax and other fees to provide essential services.   How those taxes pencil out for you in a move between states will depend on how taxes are levied. Compare what you’re currently paying with what you can expect to pay in your new home with this state-by-state overview provided by The Tax Foundation, a not-for-profit think tank.   Detailed information on what you can expect to pay in any given state is available through the individual state’s revenue department. If you own a business or need even more detailed information on sales taxes, corporate tax rates, excise taxes and the like, the Federation of Tax Administrators — a membership group of state tax administrators — has you covered.   5. Compare lifestyle costs It’s no secret that some places are more expensive than others. To see how far your dollars could go in your new home compared to where you live now, use this calculator from the Federal Reserve Bank of St. Louis. If you’re moving from a rural area or suburb to a city or vice versa, you might also consider the cost of transportation. Trading a rural or suburban life for an urban one could eliminate the need for a car. If you’re moving out of a city to a place without frequent and reliable public transit, you may want to factor in the cost of buying, registering and/or owning a car.   6. Emergency reserves If plan A doesn’t work out, it’s always good to have a backup plan that includes an emergency cash reserve. Doing so can help to dial in on the things you think might hold you back.

Deciding where to live — whether it’s for a year or a lifetime — can mean weighing up dozens of complex considerations. These span from broad factors like the local job market, to more specific concerns like whether it will really feel like home without your favorite coffee spot or dog park nearby. When you’re asking, “Where should I live?,” picture your life in the next few years. What’s important to you in a community now may change, even in the short term, as you move through different life stages. To help avoid regrets that can come from picking the wrong place, we’ve gathered some practical search tips and considerations that can help you land in a place you love coming home to.   1. Is it close enough to the important people and places in your life? Think about life’s essentials, both the people you hold dear and the places you want and need to get to:   Friends and family: Social connections enrich our lives and can help us live our dreams. Consider how important it is for you to be close to family and friends and social networks. Schools: If schools are going to be a primary factor for you imminently or in the next several years, you can discover homes for sale or rent within specific school attendance zones or school districts by typing the name of the school district into the search bar on the Zillow® app. Other essential places: Consider how much travel you want to do to get to work, health care facilities, grocery and hardware stores or dining and entertainment.   What’s the maximum amount of time you want to spend commuting? Consider your commute, whether it’s driving, busing or taking the train or subway. If you plan to use public transportation, take note of proximity to transit stops. When you’re commuting regularly, you’ll quickly notice the difference between a three-minute walk to the bus stop versus a 20-minute one. You’ll also want to consider alternative transportation options. Are rideshare services and carpooling options available? Cities large and small are increasingly allowing micromobility services. What does this look like in the areas you’re considering? TIP: Use the “Travel times” feature on Zillow’s app to see how long it takes to get between home and important places using various modes of transportation (private or public transit, walking and biking). All Zillow listings feature a Walk Score, Transit Score and Bike Score in the Neighborhood section. The features will give you an idea of how easy it is to get around without a car.   2. Is it too close to things you’d rather avoid? Think about how you’d like to live. Is quiet important to you or do you like to be near the action? Use Google Maps to explore the area if you’re home shopping on the app, or drive the streets if you’re touring in person. If you’re seeking quiet, take note of proximity to things that generate noise, including:   fire stations transit stops venues that draw large crowds railroad tracks busy roads or highways   3. What’s the job market like? If you’re thinking of moving to look for a new job, and working remotely isn’t an option, research the labor market there. Consider whether the neighborhood is close to a job center and the kinds of jobs that pay a living wage. If you’re starting a business, research local demand for what you want to offer. TIP: The U.S. Bureau of Labor Statistics publishes regular updates on economic conditions in metro areas around the country to give you an idea of what it might cost to live there.   4. How much will it cost to live there? If you’re looking at unfamiliar places, research the cost of living, home values and rents, and tap your real estate agent’s knowledge of the local market.   5. How much control do you want over what you can do to your property? If you’re searching in a neighborhood with new developments, there’s a good chance there will be a Homeowners Association (HOA) that governs what you will be permitted to do to your home and yard. TIP: If you prefer to have more control over your living situation, use Zillow’s home search to filter out homes in neighborhoods with HOAs. The feature also lets you search only for homes with HOAs if you prefer more rules over what your neighborhood looks like.   6. How walkable is it? Are there sidewalks and pedestrian-friendly crosswalks, or will you be walking to the dog park along a busy street with no shoulder? Choosing an area with high walkability and alternative transportation options, like rideshare services or public transportation, could allow you to minimize or forgo car expenses. TIP: Check out the walkability score on Zillow’s home listing details. A Walk Score is a starting place, but a little research will help ensure that you can truly walk to what you need and want.   7. Is it near green space? What does your prospective neighborhood offer in terms of nature? Studies increasingly indicate that exposure to nature and green spaces brings health benefits. What’s more, recent research suggests that the availability of accessible and usable green spaces is “significantly associated with neighborhood satisfaction.” If you have canine friends or plan to get some, nearby parks are indispensable. TIP: Green areas on a Zillow listing’s map represent parks. Dog parks are also marked on Zillow’s maps.   8. What kind of climate can you expect? Do you love the four seasons or do you prefer a more temperate climate? And did you know there’s such a thing as microclimates that can result in variable temperatures even in the same city? For larger climate concerns, platforms like ClimateCheck and nonprofit research organization First Street Foundation offer online tools that give you a snapshot of what the climate risk might look like in a particular zip code.   9. Does it meet your needs for safety and security? Your concerns for safety and security might look different depending on your circumstances. For instance, if you have children or pets, you might want to look for areas nearby where they can play safely. If your concern is a lack of crime, you can research crime data through the local police or sheriff’s department. And if your notions of safety include such things as legal protections against discrimination for LGBTQ+ people or income protections for renters, you can screen for that too on Zillow listings. TIP: Each Zillow home listing shows whether the home is in an area that offers legal protections against discrimination.   How important is it that you feel a sense of community? Beyond friends and family, community is another way to find social connectedness. Consider:   Access to nearby groups or activities that align with your interests Whether there’s a homeowner association or a management team that sponsors events and mixers in your apartment complex Whether there are amenities that encourage social interaction, such as play fields, an arthouse theater, multiplex, recreation center or library Are there common areas in your rental or apartment complex that might make it easier to meet others? What about coffee shops, dog parks or playrooms to meet fellow dog owners or parents?   Additional tips for deciding where you should live   Consider the pros and cons of where you live now Another way to narrow down possibilities is to take inventory of your current neighborhood and think about what you like and dislike about it. Start a pros-and-cons list and keep it handy as you search.   Visit the area at different times of day If you can, visit at different times of day so you get a true sense of what it might be like to live there. Talk to people who are out and about, grab a drink at a local coffee shop and talk to the barista, or the couple walking their talk. Think about that sense of community. Do you feel it here?   Stay in the neighborhood you’re thinking about living in Consider grabbing a short-term rental in one or more neighborhoods as a way to test out different lifestyles. Maybe you're not sure if you want to live in the urban heart of the city, but you think you might love it. Find out what it’s like to live above a restaurant or on that quiet farm road you always dreamed about. Renting gives you a chance to figure out what you like and dislike in neighborhoods, sample a diversity of experiences and learn more about yourself, so that when you're ready to commit, you're more informed.   Tap the local expertise of a real estate agent Real estate agents and property managers are a great resource to tap for local market conditions. By sharing your priorities and needs with them, they can help you narrow down choices so that you’re not wasting time touring homes that aren’t a good fit. Whether you're buying or renting, it's worth doing the hands-on research upfront. Take some time and visualize yourself there. Is this place actually a fit? Next: Try our house-hunting checklist or learn how to decide which type of rental is best for you.

The exterior of your home is the first thing buyers see, whether they're viewing it in person or scrolling through photos online. It's not unheard of for buyers to see a home’s exterior and decide to cancel their showing if they don't like what they see. At the very least, poor curb appeal can give a bad first impression that can lead buyers to view the inside of the home with an overly critical eye. A well-maintained exterior lets buyers know that a home has been taken care of. It can even give the impression that the whole home is in good shape — even parts that have nothing to do with the facade. Many buyers are looking for a move-in ready home, so if the home you're selling doesn't require immediate landscaping work, you may be in a stronger negotiating position. How do you get your home's exterior listing-ready? Consider this DIY curb appeal list.   Set a plan of action for improved curb appeal Before you start pruning, planting or painting, analyze what needs to be done so you can decide how much you want to spend. This crucial first step will help you determine where you should focus your attention. Take a photo of the home’s exterior as if it were the photo on your online listing. Does anything stand out as a negative? Ask a friend to evaluate your home's exterior and point out the biggest defects, whether it's peeling paint, a cracked sidewalk or overgrown foliage. Also ask them what they think you could do to make the home stand out in a good way. As you contemplate improvements, stay true to your home's style and avoid being tempted by trends. For example, don't put a traditional porch swing outside a Mid-Century Modern ranch home.   Determine budget for exterior improvements Adding or improving curb appeal can be expensive, depending on the scope of the project and the size of your front yard. According to a Zillow and Thumbtack analysis, sellers who hire professionals to get their home ready for listing spend an average of $5,380, part of which includes lawn care and gardening. Luckily, exterior home improvements usually offer a strong return on investment. But that depends a lot on the preferences of buyers in your market. At the very least, an investment in curb appeal will help you attract buyers and possibly sell sooner. If you're planning on doing the work yourself, you'll still need to set aside money for materials — and plenty of free time to get the job done.   Address exterior eyesores Ready to get started? The first thing to do, especially if you're attempting DIY curb appeal on a budget, is to remove any eyesores that could distract potential buyers.   Remove clutter Move parked cars (especially important before a showing or open house). Hide trash cans. Put away bikes and outdoor toys. Throw away rusty patio furniture. Take down the above ground pool. Discard dirty or broken decor, like water features and wind chimes. Cost: $0, unless you need to discard large items at the dump.   Tackle overgrowth Prune shrubs and bushes, trim hedges, remove dead or overgrown tree limbs, and mow the lawn. Cost: As a homeowner, you likely already have yard-care tools, so the only cost may be fuel for the lawn mower.   Pressure-wash Pressure-wash exterior surfaces, including siding, walkways, sidewalks and driveways, to remove dirt and grime. Just don’t pressure-wash any caulking or roofing, as it can cause damage that leads to leaks. Cost: A pressure-washer rental costs between $50 and $75 per day.   Handle miscellaneous repairs Repair, paint, stain or replace any broken fencing or railings. Similarly, fill any sidewalk cracks, swap out broken pavers and replace cracked gutters or downspouts. Cost: These repairs could cost as little as $15 or as much as $300, depending on what needs to be done. For example, a large bag of concrete mix is less than $10, but replacing new fence slats could be much more expensive.   Conceal the air conditioner Use lattice or a low fence to cover up your air-conditioner unit, which can be an eyesore no matter its location. Cost: Between $100 and $300 for fencing materials.   Front yard landscaping for curb appeal Depending on your home’s placement on the lot, your front yard may make up the bulk of your curb appeal. Consider this to-do list specifically related to the front yard.   Spruce up the yard Treat any bare spots in your grass with new grass seed. If you have areas of dead grass larger than 6 inches across, add new sod instead. Cost: A bag of grass seed costs roughly $15. Sod costs between $0.45 and $0.65 per square foot.   Plant fragrant flowers Flowers do more than just provide visual interest. Aromatic, sweet-scented flowers set the tone as soon as the buyer walks up and leave a lasting impression. Just don’t overwhelm people with fragrant flowers too close to the entryway. Jasmine, roses, lavender and thyme are all good options. Pay attention to seasonality so you can get something that's blooming during your listing time. If you're selling in late winter, sarcococca is a great choice. Cost: Budget $100 to $200, depending on how much space you're trying to fill. If you're planting trees, expect to spend at least $60 per tree.   Get rid of weeds Spend a few hours pulling all visible weeds. Then, add a new layer of beauty bark for a fresh, well-maintained look. Cost: Pulling weeds won’t cost anything but your time. For a small area, you can buy beauty bark by the bag, which costs between $3 and $4 for a 2-cubic-foot bag. For a larger project, you may want to purchase in bulk, which costs between $20 and $30 per cubic yard, plus a delivery charge if you need it delivered.   Highlight architectural features Although landscaping is a big part of curb appeal, don't overlook any impressive architectural features that your home offers — or that are relatively simple to highlight. Check out these easy DIY curb appeal projects.   Clean all windows Clean your windows, both inside and out, with a window cleaning product or vinegar-water solution. Avoid cleaning windows when they're in the direct sun, as they'll dry too quickly and leave streaks. Before showings and open houses (and before your real estate photos are taken), open all blinds and curtains. Natural light is important to buyers, so you'll want them to notice the number and size of the windows, especially if windows are one of your home's best features. Cost: All you’ll need is a bottle of vinegar, which costs less than $2.   Add shutters Shutters can draw attention to windows or make them look larger. If you decide to add shutters, paint them the same color as the trim or choose a contrasting but complementary tone. Cost: A pair of raised-panel vinyl shutters costs roughly $50. You might also consider repurposing salvaged shutters, which can be much cheaper. Expect to spend $30-$40 on a gallon of exterior paint.   Add window boxes Classic window boxes with bright seasonal flowers can add plenty of charm to the front of the home and draw attention to how many windows the home has. Cost: Pre-made wood or plastic window boxes cost between $50 and $100 each, and if the hardware is sold separately, it will add about $10 to your cost.   Highlight the entry Frame the front of your home by keeping things symmetrical. Place identical potted plants (or groupings of container gardens) on both sides of the staircase leading to the front porch or on either side of the front door. If your home has a generously sized front porch, use decor and plants to show it off. Cost: You can find nicely potted plants, like boxwoods in a planter, for less than $100, depending on height.   Edge the walkway Give your walkway a polished look by lining it with brick pavers or adding solar-paneled lights — an easy DIY project, as there's no electricity required! If you don't have a pathway up to your front door, consider adding inexpensive stepping stones. Cost: A six-pack of decorative solar lights costs only $20-$30. Pavers cost under $1 per linear foot, and stepping stones can cost anywhere from $2 each for basic concrete to $10 for flagstone.   Paint trim Repainting trim, especially around peaks and windows, can give your home a fresh, clean look. Sand and repaint any area that has peeling or cracking paint. Cost: Exterior semi-gloss paint is the best choice for outdoor trim, and it costs between $30 and $40 per gallon.   Apply curb appeal finishing touches The exterior of your home needs decor to complete the look, just like the inside of your home. Here are a few more DIY curb appeal ideas.   Paint the front door A popular way to improve curb appeal on the cheap is by painting or staining the front door in a contrasting but complementary color. Cost: Paint for a project of this size should cost no more than $20.   Hang new house numbers Choose bronze or brass for a traditional home (based on the home's paint color) and brushed nickel for a more contemporary house. Cost: House numbers cost between $2 and $6 per number, depending on the material and style.   Refresh the mailbox Consider replacing your mailbox if it's worn out. If it's in good condition, just give it a good cleaning. You might also consider planting flowers around it. Cost: You can pay as little as $25 if you only need a new mailbox without a post. If you need a new post (or want to buy a mailbox with a built-in post), expect to spend $50-$100.   Install new lighting Adding sconces to either side of the doorway can frame the entry and give a complete, polished look. If you already have sconces, clean or repair them as necessary. Cost: New outdoor sconces come in a variety of price points, from $30 a piece for basic styles to $150-plus for more intricate designs.   Replace the welcome mat Swap your worn out welcome mat for something new, clean and simple — no cartoons or funny phrases. Cost: A simple doormat should cost no more than $20. Seasonal touches like a holiday wreath or pumpkins, depending on the time of year, can add a warm and homey feel. Cost: It’s easy to add seasonal touches, either real or artificial, for less than $50.   Include seasonal decor Seasonal touches like a holiday wreath or pumpkins, depending on the time of year, can add a warm and homey feel. . Cost: It’s easy to add seasonal touches, either real or artificial, for less than $50.

  A home is the largest financial investment in most people's lifetimes, so knowing how much you might profit from the sale of your home is important — especially if you want to use the proceeds to buy a new home, send the kids off to college or generate income with another type of investment. The calculations are highly personalized depending on your situation. How much you're likely to pocket at the closing table is determined primarily by your current equity, outstanding mortgage balance and closing costs. And don’t forget about the hidden costs that could spring up as you’re prepping your home for sale.   What are the net proceeds from a home sale? Net proceeds are how much money you’ll make after you've accounted for all the costs that come with selling your home. Simply put, your net proceeds are your home sale price minus the mortgage payoff amount, home sale prep costs and closing costs.   Typical costs associated with selling To determine how much you’ll make, you first need to know the expenses that usually come with selling. So, let’s get into it.   Home prep costs Among the many to-dos when getting ready to list your home are making improvements, like a fresh coat of paint in the living room and freshening up the carpet. Sellers often make necessary repairs or eye-catching upgrades prior to listing, with the goal of selling faster and for more money. Since these investments will help you sell the home, factor them into your net proceeds. According to a Zillow and Thumbtack analysis, the typical seller spends roughly $5,380 to complete some of the most common pre-listing home improvements.   Moving costs Factor in how much it will cost to move out of your home, including things like truck rentals, professional movers, packing materials, storage and temporary housing costs (unless you’re staying with mom for a few days). Local moves of under 100 miles with two movers and one truck usually cost between $80 and $100 per hour, plus an additional $25 or $50 per hour for additional movers. Long-distance moves (over 100 miles) range between $2,000 and $5,000 per move, plus an average of $0.50 per pound.   Mortgage payoff amount The mortgage payoff amount is how much you still owe on your home. You should also include paying off any home equity loans or lines of credit you've taken against the property. If you've owned your home for a long time or if your home value has increased significantly, your mortgage payoff amount will be substantially lower than your sale price (which means more money for you when all is said and done). Unfortunately, the inverse is also true. The less equity you have, the higher your mortgage payoff amount will be in relation to your sale price. If your mortgage payoff amount is more than your home is worth, this is called ‘negative equity’ or being ‘underwater.’   Closing costs and transaction fees Seller closing costs are one of the biggest expenses in selling a home. Expect to spend 8% to 10% of the sale price on closing costs. For a home selling at the median U.S. home sale price of $324,967, that's between $25,900 and $32,500. The majority of these seller closing costs typically goes to agent commissions. Historically, agent commissions have made up about between 3% to 6% of the sale price, with approximately half going to the listing agent and half going to the buyer's agent. Talk to your listing agent to get a better understanding of how commissions are paid, what services they cover, and to negotiate what the fees will be for your specific transaction.   Keep in mind that 'closing costs' is an umbrella term for a wide variety of charges, taxes and fees required to close the sale of a home. Here are some of the most common expenses:   Commissions Title insurance Transfer tax Escrow fees Prorated property taxes HOA fees Mortgage points (also called discount points) Attorney fees   How to calculate profit from selling a house Once you have a grasp on the types of charges you'll end up paying, it's time to crunch the numbers to estimate your home sale proceeds.   1. Determine home value and potential sale price The typical U.S. home has an estimated value of $349,216, but the value of your home may be much higher or lower depending on factors like the quality of the home, location and local market conditions. Your first step is determining the fair market value of your home. There are a few different ways to do this:   Hire a real estate agent: One of the first things a listing agent will do for you is provide a comparative market analysis (CMA), which can give you insight into an appropriate listing price.   Run the comps: Search for comparable recent sales on your own, seeking out similar homes that have sold within the last three to six months.   2. Get a loan payoff quote Contact your lender to determine your loan payoff amount. Unlike the remaining loan balance figure you’ll find on your monthly statement, the loan payoff amount includes daily interest charges and any fees you’ll have to pay at closing. Payoff quotes are usually valid for a set number of days, no more than 30. Ask your lender if there’s a prepayment penalty on your loan. A prepayment penalty is a fee charged by a lender that allows them to recoup some of the interest charges they’ll lose when you sell the house and close out the loan. Not all loans have a prepayment penalty, and those that do usually only apply if you sell within the first few years of buying. How lenders calculate the penalty varies. It could be a flat rate, a percentage of your loan balance or a percentage of the remaining interest you owe.   Example: Let’s say you bought your home 10 years ago for $175,000 with a 6% interest rate on a 30-year fixed mortgage and a 20% down payment of $35,000. Your current mortgage balance would be around $139,000. If you sold for the median sale price of $324,967, that leaves about $185,900 for staging, repairs, closing costs, commissions and other expenses.   3. Estimate cost of staging According to Zillow research, younger buyers are more likely to consider home staging extremely or very important — 48% of Generation Z and 40% of millennial buyers. Home staging can be as simple as decluttering, depersonalizing and cleaning, or as significant as whole-home staging by a professional. If you want to give your listing more of a home-y feel, consider adding a bouquet of flowers to a room, some accent lighting decor, or maybe even a plate of cookies. Nationally, sellers spend an average of $1,680* on staging as part of an overall $7,060 spent for all pre-sale home prep.   Example: Continuing with the figures from above, using the $185,900 left after paying off your loan and subtracting average home prep costs, your net profit is now $178,840.   4. Factor in needed repairs Sellers might pay for repairs in one of three ways: Take care of needed repairs pre-listing. Take care of repairs before closing (at buyer's request). Provide a credit at closing to cover the cost of repairs. The amount you'll end up spending depends on the repairs that need to be done on your particular home, but taking care of any major items before listing often makes the most financial sense. New mechanicals or upgrades can help make your home more appealing to buyers, which can drive more and higher offers. It also allows you full control over who completes and how much you pay for repairs, instead of letting the buyer call the shots with a dollar amount they think will cover future repairs. If you’re weighing whether to make any repairs at all, 71 percent of sellers said they made at least one ahead of listing their home, according to the 2022 Zillow Consumer Housing Trends Report. And nearly three out of four home sellers agreed in a study conducted by The Harris Poll that making improvements helped them sell.   Example: Buyer concessions, which are the part of the negotiation when buyers ask for a credit or discount on the sale price, typically cost 1% of the sale price, or $3,250 in our scenario. That brings your net profit down to $175,590.   5. Subtract agent commissions or marketing costs As mentioned earlier, commissions may total between 3% and 6% of the sale price, depending on how you decide to sell your home, the scope of your agent’s services and your agent’s specific fees. You can also save on agent commission by selling ‘for sale by owner’ (FSBO), but you may still have to pay a 3% commission to the buyer's agent (this fee is also negotiable). The vast majority of buyers choose to work with an agent, and offering them a commission makes those agents more likely to show their clients your home. If you sell FSBO, remember that all selling-related tasks fall to you, including marketing, photography, advertising and more. You might also opt to pay an agent a few hundred dollars to get your listing on the local home listing service.   Example: Let’s say you go the full-service agent route and end up paying the upper end of 6% in commissions. Based on the median U.S. home sale price of $324,967, this is $19,498. That would bring your net profit down to $156,092.   6. Don't forget transaction fees No matter how you sell your home, all sellers pay fees to sell a home, whether they end up coming out of sale proceeds or out of pocket. Seller closing costs include things like transfer taxes (in some cities and states), prorated property taxes, prorated utilities, escrow fees and a title insurance policy for the buyer. Overall, these seller closing costs can add up to 2% to 4% of the sale price, depending on where you live and the financial details of your sale.   Example: Again using the median U.S. home sale price, 2% to 4% is between $6,499 and $12,998, bringing your potential profit down once more, to $143,094, assuming your transaction costs are on the higher end at 4%. In conclusion, the total profit for the home in this example is $143,094 And you can use that money to buy your next home (we got you), or set it aside for a college fund, or put it towards some property that can bring more cash into your pocket. And hey, you can even treat yourself a little. After all, selling a home is no simple task. Though, we hope this has made it a little easier. *All pricing data is based on national average cost estimates using data provided by Thumbtack pros and additional research, actual prices may vary based on city and supply. Details about your specific project and local rates can impact costs.

Selling a house can be an expensive endeavor. While most of the larger costs come later in the selling process, there are some expenses that come much earlier — before you even list your home. Between cleaning, staging, landscaping, painting, and other tasks, the typical seller spends roughly $5,380 to complete some of the most common pre-listing home improvements, according to a Zillow and Thumbtack analysis. Sellers spend money to complete these tasks in hopes of impressing buyers and receiving a strong offer as soon as possible. Even if you’re not planning to sell just yet, every home update you make now could pay off in the long run. And a house’s exterior is the first thing buyers see, so we’ve rounded up the outdoor home projects that may be most worth the investment — and make a great first impression.   How important is curb appeal when selling a house? Curb appeal is important because it can have a positive impact on your home’s resale value, and it’s something that most sellers address before listing. Most sellers (65%) take on at least two home improvement projects to prepare their home for sale, according to Zillow’s research from 2022. Landscaping ranks as the third most common pre-listing upgrade. What does that mean for you as a seller? It means your competition is paying attention to curb appeal, so you should too. Although the majority of buyers (95%) use online resources to shop for homes, your curb appeal really does make the first impression. Most agents use the exterior photo of your home as the first image on your online listing, and some local MLS systems‌ require an exterior shot to come first.   Does curb appeal add value to your home? Depending on the location, curb appeal can add value to your home. Your return on investment depends on the market itself, how much buyers value the improvements you’ve made‌, and the total spend on the upgrade. This is where a seller’s agent can be of help: they can give you insight on what improvements are popular in your area and give you info on comparable homes that recently sold in your market. There are all kinds of things you can do to the exterior of your house, from simple landscaping to a whole new roof and new windows.   Exterior home upgrade ROI According to Remodeling magazine's 2023 Cost vs. Value Report, 7 of the 10 home improvements with the highest ROI are on the exterior. These projects recoup anywhere between 61% (for a wood window replacement) to 103% (for a garage door replacement) of your initial investment back at resale. Some of the other high-ROI external improvements include adding manufactured stone veneer, replacing siding, and changing out the entry doors. If you're selling in a competitive market, making your home look its best can help you look good against other homes on the market. Upgrades such as updated lighting or a metal roof can attract buyers when you include them in your listing description. Most of these changes are cosmetic and optional. Alternatively, if you avoid making maintenance-related upgrades, they'll likely be found during a buyer's inspection and cost you during negotiations.   Necessary exterior home upgrades Curb appeal isn't just about making your home look pretty. It's also about ensuring that the major elements of the home's structure that are visible from the street are in good working order. Before tackling cosmetic upgrades, address any functional exterior shortcomings. For example, buyers can live with imperfect landscaping, but not a damaged roof with missing shingles. A damaged roof looks bad from the curb, plus it's a red flag for buyers and their inspectors, signaling that the home hasn’t been taken care of by its owners. The ROI numbers in this section come from Remodeling magazine's 2023 Cost vs. Value Report.   Roof repair If your roof needs repair, your options are to repair before listing, leave as-is and lower your listing price, or be prepared to offer a buyer credit as part of the negotiation process. According to the 2022 Zillow Group Report, 20% of sellers repair or clean up their roof before listing for sale. Another 27% said they replace it altogether. If you need a full roof replacement, it can be expensive. A midrange roofing replacement with asphalt shingles costs an average of $29,136 nationally, and it garners a 61% return on investment — or $17,807. That makes the unreturned cost for the seller $11,329.   Siding repair or replacement Another obvious defect buyers may notice is damaged or neglected siding. Cheaper to replace than a roof, a midrange vinyl siding replacement has an average national cost of $16,348, with a 94% ROI ($15,485). The unreturned cost for the seller is $863. If your home has a brick exterior or other material that doesn’t include siding, be sure there aren’t any major cracks, as that could be a sign of foundation damage.   Rotting Wood Repair Many homes feature wood trims and wood siding, which degrades over time due to ‌weather, time, and even pests. This can be a cosmetic issue, but if ignored for too long, rotting wood could cause leaking into the home, cracking walls, and other problems that could turn away prospective buyers, or cost you once you’re in the selling process. According to Thumbtack, homeowners report spending an average of $18,750 to install new wood siding.   New windows Expect buyers to pay close attention to the windows and doors, especially in older homes. They may do it on the first tour, on a later visit, or during their inspection. If your home needs new windows and you decide to replace them before listing, it can be a huge selling point — especially if you opt for energy-efficient windows that will reduce heating and cooling costs for the future homeowner. Both wood and vinyl windows provide better thermal resistance (meaning better energy efficiency) than aluminum, but the glass and glazing matter too. Insulated, low-emissivity coatings, spectrally selective coatings, and gas fillers all help improve energy efficiency. Note that awning or hopper windows (hinged at the top or bottom) and casement windows (hinged at the side) are less prone to leakage than sliding windows. As far as cost, an upscale vinyl window replacement costs $20,091 on average, with a 68% ROI ($13,766). An upscale wood window replacement costs $24,376 on average, with a 61% ROI ($14,912). The unreturned costs for the seller are $6,325 or $9,464, respectively.   Window repair Inspect your windows to see if any need to be repaired or replaced. You can also try these tips for improving the efficiency of your existing windows:   Check for air leaks. Replace caulking or add weather stripping. Add storm windows. Add solar film.   New front door A more affordable improvement, a new front door can give your home's facade a whole new look. A midrange steel entry-door replacement costs an average of $2,214 and can get you an impressive 100% ROI ($2,235). The seller made an extra $21. Before you replace your front door, though, see if a new coat of paint will do the trick — more on that later.   New garage door If standard repairs (like a chain/track repair or repainting) don't bring your automatic garage door up to par, you might need to replace it. Luckily, an upscale garage door replacement is the outdoor project with the highest ROI that’s tracked by Remodeling magazine, with a cost of $4,302 and an average ROI of 102% ($4,418). The seller actually gets $116 back.   Cosmetic exterior home upgrades Cosmetic updates are items that don't necessarily need to be fixed, but they're worth doing. Remember — your home's exterior is the first thing buyers will see, and you only have one chance to make a good first impression.   Pressure wash Pressure wash all hard surfaces near your home's exterior, including sidewalks, curbs, pathways and driveways to remove dirt, grime and moss.   Paint the exterior Whether your home is desperately in need of a new coat of paint or you just want to freshen up the look before listing, repainting your home's exterior is a fairly common task, with 27% of sellers completing the project before listing. Though, not all exterior materials will lend themselves to being painted, so take that into consideration. Neutral paint colors appeal to the broadest group of buyers when it comes to the inside of your home, and the same goes for the outside. For example, ​​homes with a deep graphite gray kitchen can sell for an estimated $2,512 more than similar homes, while a midtone pewter gray kitchen can command $2,553 more than expected. That’s according to 2023 Zillow research. If you want a better idea of what colors may help you the most, you could ask your agent, or drive around the area and note the shades of the best-selling homes around you. Ultimately, the best exterior paint color depends on your home's style, the exposure to sunlight and the exterior materials. You just may want to avoid yellow — a 2018 Zillow Paint Color Analysis found that homes with yellow exteriors sold for $3,408 less than similar homes.   Spruce up landscaping and lighting Another popular task on the pre-listing to-do list is landscaping the yard — 33% of sellers do some landscaping work before they sell. Trim overgrown trees, branches, bushes, and ground cover, then plant colorful seasonal flowers, and add fresh mulch. While buyers aren’t likely to see your home at night, it’s good to keep lighting in mind. Twenty-seven percent of sellers replaced lighting fixtures ahead of listing. Adding short, solar-powered garden lights out front can make your home more inviting.   Paint the front door As long as it's in good working order, you can simply paint the front door instead of replacing it, and it will likely cost less than $50. Homes with black front doors sell for $6,450 more than expected, according to a 2022 Zillow study. You may want to add a pop of color to your home's facade by painting the door red, blue, or green, but be aware that those shades‌ tend to garner offers that are lower by as much as $1,300. Even then, there is a worse color you could choose. Zillow’s research found that both recent and prospective buyers would offer $3,365 less for a home with a cement gray front door.   Add stone veneer To give your home an upscale look, consider adding stone veneer to the exterior. It's a more expensive upgrade than some of the others, but it could help your home compete if you live in a community with a high price point. According to Remodeling magazine, midrange manufactured stone veneer costs $10,925 and nets an impressive 102% return ($11,177), getting the seller $252 back.   Accessorize the exterior Accessories and design touches are important on the outside of the home, too. They make a home look polished, well-cared for and updated. Consider these budget-friendly accessorizing tips that make a big impact:   Add new house numbers in a classic bronze or black. Update the sconces and add sidewalk lighting (especially if you're listing in winter). Replace the mailbox with a new one that matches the home's style. Update the door hardware — smart home locks are popular with buyers. Replace your old welcome mat with something clean and simple. Add some front porch furniture that matches the style of the home.   The importance of outdoor space Although most pre-listing exterior home improvements focus on the front of the house, don't forget to spruce up the backyard or any outdoor space you have, too, even if it's not big. New Zillow research finds homes equipped with an outdoor TV earn 3% more than expected — or about $10,749 on a typical U.S. home. That’s the highest sale price premium of all 359 features Zillow analyzed across nearly 1 million home sales in 2023. The biggest bang-for-your-buck backyard renovation, according to Remodeling magazine, is a midrange wood deck addition. It offers the tenth-highest ROI of all the outdoor home improvements analyzed — for an average cost of $17,051, and homeowners see a return of 50%.   Make a splash with a pool Installing a swimming pool can take a lot of time, work, and money. In some markets, especially those with warm climates, in-ground pools may add more value to the property than in colder climates where a pool would get only a few months of use each year. A recent Zillow® analysis found that homes with saltwater pools sell for 1.5% more than comparable homes without one — and they sell two days faster. If you want to dip your toes into getting your own pool, here are five things to consider.

  Buying a home is a significant financial transaction and for most people, one of the biggest decisions of their lives. That’s why, according to Zillow research, about 88% of home buyers use an agent to help them navigate the complicated and potentially emotional home search and purchase process. For most buyers, having an expert by your side who has your best interests in mind is a clear advantage.   Why use a real estate agent to buy a home According to Zillow research, buyers who hired agents were most likely to rank the following services among the top three most valuable provided by their real estate agent:   Helped decide the details of their offers (57%) Organized and submitted the paperwork associated with purchasing their home (53%) Identified homes to consider (43%) Took buyers on private home tours (43%) Led contract negotiations (43%) Gave a mortgage lender referral (34%) Gave an inspector referral (29%) Whether you're a first-time buyer or experienced in the market, understanding the benefits of working with a real estate agent will help you make the best decision for your own personal home-buying journey. Here are five advantages to know.   1. They can help you save time and money on your home purchase Agents can save you immeasurable time and energy, and potentially a substantial amount of your hard-earned cash. They can help you avoid paying too much for a house, can use negotiation strategies to get you a better deal, and ensure you are fulfilling all contractual obligations so you don’t end up in legal or financial hot water.  Here’s a closer look at some of the major cost-saving benefits of working with an agent.   Determine fair market value When you’re ready to put an offer in on a home, your agent should be able to help you determine an appropriate offer price, based on the fair market value of the home and market conditions. They’re up-to-date on market trends and can provide a clear picture of a home’s worth so you can stay competitive, yet also within your budget. To do this, they’ll run a comparative market analysis (often abbreviated as CMA), using comparable, recent nearby sales. Your agent can also help you adjust your offer to account for any visible issues in the home, or negotiate the home price to cover needed repairs unearthed by a home inspection.   Negotiate the listing price Your agent most likely knows the local market better than you do, so they can let you know when it’s reasonable to push for a better deal. Market conditions change month by month, season by season, and neighborhood by neighborhood, and your agent should be well-versed in these fluctuations. For example, just because you’re buying in a sellers market, it doesn’t mean you won’t be able to negotiate — it all comes down to the individual home, price and seller. A skilled agent can also gain pricing insights by talking to the listing agent. For example, before you submit an offer, your agent can ask the seller’s agent how firm they are on price. They’re also skilled in navigating bidding wars, and will know if you should include an escalation clause, provide flexible closing dates or add an appraisal contingency to your offer. An appraisal contingency alone can save you thousands of dollars if the home is valued for less than your offer amount.   Spot red flags You may know this feeling: You walk into a home and instantly feel like it’s “the one.” And it might be! But your agent will spot things that you might miss while wearing those rose-colored glasses. They’ve toured countless homes and have learned how to spot warning signs for expensive issues from across the room (or house), such as water damage, termites, failing roofs and beyond. This knowledge can help you avoid a home that’s more of a fixer-upper than you’re looking for, and also help you avoid inspection issues before closing.   Keep the purchase on track There are dozens of deadlines and details to keep track of in a home purchase. Your agent will make sure you’re fulfilling your end of the deal, which can help you avoid costly missteps. This includes working with your title and escrow and loan officers to make sure funding is secured, as well as ensuring inspections and appraisals are scheduled within the contractual timeframe. They’ll also help the closing process stay on course by coordinating underwriting paperwork between you and your loan officer.   Provide guidance for any additional costs Your agent can help you save on additional costs that come up while purchasing your home. They can recommend trusted home inspectors or other home repair professionals, legal services, financial assistance and more. Their established relationships with these providers can give you peace of mind during a stressful process — and could also result in cost savings.   2. They’re your personal co-curator and sounding board You can search most public listings, both agent-listed and for sale by owner (FSBO), on Zillow, but there likely will come a time where you have so many homes saved, you need an objective collaborator. You can send your list of saved homes to your agent, or share feedback after a tour. Since agents work with a lot of buyers like you they’ll have a good working knowledge of active listings that are likely to fit your criteria. They’ll be able to quickly make suggestions based on your must-have list, and even help you figure out where you may need to compromise based on what’s available on the market. If you’re looking for a very specific home, you might have better odds of finding it when you work with an agent.   3. You’ll get advocacy and support navigating a complex financial process The home purchase process can be overwhelming; 50% of home buyers said in a survey they cried at least once during their home buying journey. Even experienced buyers struggle to keep up with all the details. A great buyer’s agent not only spends their time understanding exactly the types of homes that fit your criteria, but they’re negotiating and drafting contracts, advocating on your behalf and generally overseeing the end-to-end process. Having an experienced agent by your side can be a relief, especially with so much money on the line.   Once you’ve signed a buyer’s agency agreement with a real estate agent, they'll have a legal and ethical obligation to serve your needs, which can include:   Working for your interest in the transaction Providing disclosures Offering guidance Keeping certain information confidential   4. They’re your access to professional negotiating power If you negotiate for your home purchase without experience, your passion could compromise your ability to get what you want. Agents know how to frame requests in a way that makes sellers more likely to oblige, and they can do all the negotiating while maintaining a good rapport with the listing agent and seller, which can come in handy if issues come up later in the deal.   5. They’ll be your expert guide as you navigate a home purchase contract Home purchase contracts are complex and they can include multiple contingencies — especially if you need to sell your existing home in order to buy your next one. Your agent will help you juggle disclosures you’ll want to request, like documentation on mold, lead paint and radon, and average utility bills. Agents also have tools that make signing stacks of paperwork much less tedious. In many states, agents use digital signatures, email delivery systems and mobile signing capability, so you won’t have to worry about going into an office multiple times to sign documents during the average 30-45 day escrow period. Thanks to this technology, you may even be able to complete your closing without ever leaving your home. Ready to begin your search for a new home? Search homes on Zillow or connect directly to a buyer’s agent in your area who can help you find the property of your dreams.

You're standing on the cusp of “Should I or shouldn't I?' and thinking about leaping into home ownership. Maybe you've visited neighborhoods, wandered through an open house or two and researched mortgage rates. You think you're ready to speak with an agent. Almost like contemplating a first date, you're a jangle of nerves. What are they going to ask me? Will they listen to me? How will I know if the agent is the right one?   First, keep in mind you are not alone: Last year, half (50%) of home buyers were first-timers. A great agent is well aware of your first-timer jitters and can set you at ease as they educate, inform and ultimately help you find a home that's right for you. Here's what you need to know about that first connection.   Look for the right agent You may have been directed to an agent by a referral from a friend or family member. Or maybe you met an agent at an open house or through Zillow. Or perhaps you met an agent by requesting a home tour; if so, you may have signed Zillow’s touring agreement, which does not obligate you to work with that agent beyond the home tour (requirements vary by state; read your agreement carefully before signing).   Buy a Home A real estate agent can provide you with a clear breakdown of costs so that you can avoid surprise expenses. Finance a home Zillow Home Loans can get you pre-approved so you're ready to make an offer quickly when you find the right home. Sell a home No matter what path you take to sell your home, we can help you navigate a successful sale.   A buyer's agent represents the home buyer in a transaction, while a listing agent represents the seller. Both buyer and listing agents are licensed professionals with legal and ethical obligations to represent their client's best interests. A good local buyer's agent will understand your pain points and use their expertise to guide you through the buying process. They're skilled negotiators; are good at managing all of the moving parts of the transaction; can help you focus your search to more quickly find the right home for you; and can recommend trusted lenders, real estate attorneys, escrow officers and home inspectors. They'll communicate with you frequently in ways that work for you — face to face, phone, email, text or even video chat.   First contact — first impressions Whether you’re connecting with a prospective agent over the phone, email or otherwise, this initial foray is a low-pressure, get-know-you intro that's a smidge more than casual. You want to let the agent know why you're looking to move, the name of a neighborhood or two you might want to explore and how much you think you want to spend. Share any time constraints — you're moving for a new job that starts in three months, you want to be in a new home before your baby is born, you need to move before the beginning of the school year, etc.   Remember that good relationships work for all involved parties. In this initial meeting, you'll be figuring out if you feel comfortable with the agent. At the same time, they're figuring out if they will be the best agent for you.   As you talk with each agent, ask yourself: Is the agent listening to me? Do they have local neighborhood knowledge? Will they make the buying process easy to understand? Do I feel comfortable talking about my finances with them? If you can answer these questions confidently, you likely have a good fit and may want to set up another conversation.   Quell your worries about money and preparedness You might be jittery about sharing your finances with someone you’ve just met. It’s an understandable concern, but your agent is primarily focused on helping you move, which means they’ll need to know what kind of budget you’re expecting to work with.   While your agent can help you navigate affordability, it’s a good idea to gather the most information possible early on. You might consider talking to a loan officer at the outset of your home search to get a sense of your budget, and even to get pre-approved. Some agents will require a pre-approval or pre-qualification letter before you start touring homes, and that’s in your best interest. That way, you can quickly put in an offer if you find the house you want — and you’ll be crystal clear on how much house you can realistically afford.   What if you're just browsing? That’s also okay — an agent won’t expect you to have everything figured out. A great one will help you figure out what type of house in which neighborhood will best meet your lifestyle and financial goals. If you want suburban living, they won't waste your time with city townhouse listings. Let the agent know as much as possible about what you like about homes you may have seen, e.g., a large kitchen, three bedrooms, a dog wash station, a finished basement with an in-law suite, etc.   Moving forward Once you feel comfortable moving forward with the agent, you will formally sign a buyer’s agency agreement, which will outline the expectations of your working relationship. Know that you can always negotiate with your agent on the terms of the agreement. Once hired, your agent will set up in-person or video home tours depending on what works best for your timetable. You'll get into deeper conversations and begin to narrow down your needs vs. desires. (Here's a handy checklist for keeping track of your needs and desires.) And that’s only a slice of the benefits your agent will provide throughout your home-buying journey.   A great agent is going to be responsive to your cues. Find the right partner and take the leap.    

Buying a home can be a complicated and confusing process, even for seasoned home buyers. That’s why nearly nine out of 10 buyers work with a professional real estate agent at some point during their home purchase process, according to Zillow Research. Here’s how to hire a buyer’s agent — and why it’s usually a good idea.   What is a buyer’s real estate agent? A buyer’s agent is a licensed, professional real estate agent working on behalf of a home buyer. They officially represent the buyer in all aspects of their home purchase.   How does a real estate agent for buyers differ from a real estate agent for sellers? A buyer’s agent represents the home buyer in a transaction, while a seller’s agent, also commonly called a listing agent, represents the seller. Both buyer’s agents and listing agents are licensed professionals who have a legal obligation to represent their client’s best interests.   Can one real estate agent represent both the buyer and seller? It depends — in eight states, (Wyoming, Alaska, Vermont, Colorado, Florida, Maryland, Texas, and Kansas), it’s illegal for one real estate agent to represent both the buyer and the seller. At Zillow, we believe buyers and sellers deserve to work with an agent who is committed to their best interests and only represents them.   When the same agent represents both the buyer and the seller in the same transaction, it’s called “dual agency.” Dual agency could present a conflict of interest. It would be akin to a lawyer representing both the plaintiff and the defendant in the same case — that lawyer couldn’t reasonably advocate for both sides fairly and to the fullest extent. This is why it’s important that, when hiring a real estate agent, you look for an agent whose job it is to solely represent you in the transaction — and make sure that this arrangement is spelled out in your buyer agreement (see below for more).   Why hire a buyer’s real estate agent? Buyer’s agents can help you navigate the entire home-buying process, from your initial search through closing. Here are the key benefits to using a buyer’s agent:   Support and advocacy: Buyer’s agents have a strong grasp on the local market and will be your partner in guiding you toward homes that fit your budget and priorities. You can share your saved homes with your agent or share feedback after you take a tour, and they'll be able to recommend potential compromises, which can be especially useful if you have a very specific list of priorities.   Skilled negotiations: Your agent will help you determine a fair market value for a home before you make an offer and give their expert input on a strategic offer based on market conditions. Then, they’ll negotiate with the seller’s agent on your behalf, helping you come to an agreement on price and terms.   Experience: An experienced agent can be invaluable in all phases of the process, whether it’s knowing when to expect a counteroffer or red flags in an inspection report. They are a trusted advisor who can give you honest guidance that could save you time, money and stress. Tip: We recommend checking out your agent’s profile to see their past sales and to get a sense of their experience.   Professional recommendations: An experienced agent can recommend lenders, real estate attorneys, escrow officers and home inspectors they trust. If your agent and these professionals have a strong working relationship, they can often work together to streamline processes and keep the transaction moving forward.   Expert guidance: From offer paperwork to contingencies to closing documents, buying a home means juggling a lot of complex forms and managing timelines. Your agent will gather documents, explain your rights and obligations under the contract terms, ensure nothing is missing, and walk you through everything that needs to be signed.   How much does hiring a buyer’s real estate agent cost? All home buyers deserve transparency regarding agent fees (who is paying them and how much), and should understand those fees are negotiable. At the same time, agents should be fairly compensated for their services. Historically, agent commissions have been between 3% to 6% of a home’s sale price, usually split between the buyer's agent and the seller’s agent. However, it’s important to talk with your agent early on in the process on how much the commission is, how it will be paid, and who will pay it — which should all be outlined in a signed agreement. It’s also important to know that agent commissions are negotiable and are not set by law.   When you work with an agent, you’ll typically sign a buyer agreement (sometimes called a buyer’s agency agreement), which will outline the terms of agent compensation, including how much your agent will be paid, how they’ll be paid, and what services you can expect in return. Commonly, this will involve the buyer’s agent receiving a percentage of the purchase price or a flat fee as agreed upon by the parties.   Before you sign an agreement, make sure you have an understanding of how commissions are paid, the scope of services provided, and the fees applicable to your transaction.   How to find and hire a buyer’s agent As with any professional you hire, you want to find an agent who is a good fit for your needs, communication styles and goals. Follow these steps to find a great agent.   1. Connect with a local agent on Zillow Connect directly to a buyer’s agent in your local market, or perform a custom search for agents by neighborhood, name or specialty. You’ll find bios, reviews, ratings and a list of past sales they’ve facilitated. It’s a great way to get a feel for an agent’s reputation. Additionally, you can contact an agent directly in the Zillow app to set up an in-person home tour.   2. Check your compatibility Talk to the agent you’re working with to make sure it’s a good fit for you to work together. Here are some important questions to ask: How many buyers in this area have you represented in the past three years? Do you work full time in real estate? How quickly do you respond to client requests? What are your working hours? Do you have any buyer’s agent credentials, such as Accredited Buyer Representative (ABR) or Certified Buyer Representative (CBR)?   3. Sign an agreement At some point within the home buying process, you’ll sign an agreement. There are a few types of buyer’s agent agreements, depending on where you are in your home buying journey, and the type of agent that you work with:   Limited services agreement: If you’re just starting to look for a home, you might use a limited services agreement or a touring agreement, which outlines that you will work with the agent to tour homes. This arrangement allows you to evaluate an agent before deciding to enter into a more comprehensive buyer’s agency agreement. Zillow’s Touring Agreement, in particular, just covers touring activities and expires seven days after signing. The agreement does not require a fee, and it doesn’t bind you to work with this agent in the purchase of a home. If you want to keep working with that agent, you’ll be asked to sign a buyer agreement that specifies the terms and compensation for the additional services.   Exclusive buyer’s agent agreement: This type of contract means you’re agreeing to work only with that agent for a certain period, commonly 6-12 months. Typically, the agent will be owed a commission for any home you purchase during that time, and your agreement should spell out how and how much your agent will be paid. If the seller of the home you buy does not offer a buyer’s agent commission, you might be responsible for paying your agent’s commission, so read your agreement carefully and ask questions if anything is unclear. Again, know that compensation terms are not set by law, and it’s your right to be able to negotiate any terms of the agreement with your agent.   Non-exclusive buyer’s agent agreement: This agreement means you’re working with your agent, but you are also welcome to work with another agent as long as you let both agents know, and you haven’t signed an exclusive agreement with any agent. This might happen if, for example, you’re searching for homes in two different cities. Agreement requirements vary by state, so ask your agent for information on what documentation is necessary for your situation.   What to look for in a buyer’s agent Your agent is not only your advocate for one of the biggest purchases of your lifetime, but will likely be working with you for months through the ups and downs of the home-buying process. This is why it’s important that you partner with someone with a complementary communication style and work ethic. In addition to a good personality match, here are some key attributes you should look for in a real estate agent.   Hyperlocal expertise Every real estate market is different. Home prices, demand and housing types can vary by state, city and even neighborhood. Look for an agent who is experienced in the specific area where you’re interested in buying. You can look up their past sales on Zillow and map the addresses, or simply ask how much business they’ve done in the neighborhood recently.   Strong communication skills Your agent should be a skilled communicator both with you and with other key parties involved in a real estate transaction, so they can successfully communicate your offer and negotiate contingencies with the seller’s agent. They should also be adept at working with your lender, home inspector and attorney/escrow officer. Ask them how quickly they reply to client requests or questions and what their “off hours” are. Most good real estate agents make themselves available evenings and weekends in order to help keep your purchase moving forward.   Years in business and reputation Usually, an agent who has been in the industry for at least three years has a good handle on the process and a number of closings under their belts. If you choose to go with a newer agent, ask whether they have completed closings already, and whether they’re being guided by a more experienced agent. You can also read reviews to see how their clients rate them.   Ready to begin your search for a new home? Search Zillow’s available listings or connect with a buyer’s agent in your area that can help you find the property of your dreams.

  Sal Cohen was living solo in a 3-bedroom house in Seattle when his daughter’s plans to build a home in a nearby city fell through. In short order, Cohen found himself with five new roommates: his daughter and son-in-law, their two energetic young sons and a friendly pit bull that lives for table scraps.   For Cohen, the change was seismic. After long enjoying the run of his house, his domain shrank to just his bedroom and bath. His grandson’s toys began popping up everywhere. Meals became more lively. Suddenly, he was among the 18% of the U.S. households living in a multigenerational home.   Multigenerational living, where three or more generations reside under one roof, has taken off in recent years. One study, conducted by the non-profit Pew Research Center, found that 60 million people lived in multigenerational households in 2021, four times the number that did in 1971. The number one reason people in the Pew survey cited as their “why” for multigenerational living was financial; doing so helped save money on housing costs, child care and food.   While there are benefits of a more affordable living arrangement and an opportunity to deepen family connections, living with extended family is a decision home buyers shouldn’t take lightly.   “I don’t think it’s for everybody,’’ Cohen says. “You really have to have the right combination of people.” Considerations around space and privacy and cohabitation-friendly layouts also can make the difference between a harmonious household and one where everyone’s nerves are frayed.   Cohen knows more than most people about how a home’s layout affects the experience of daily living: for nearly 40 years, he's run his own home-building company, Homes by Sal Cohen, specializing in larger homes. Now, he's seen up close how a few floor plan tweaks — plus rules to live by — can improve the experience for multiple generations living under one roof.   We asked Cohen and Hao Dang, a Zillow Premier Agent® Partner who also has first-hand experience, to share what they learned from their experiences with multigenerational living and offer some tips on the kinds of spaces that tend to work best for multiple generations sharing the same roof.   The value of space Hao, who runs the Hao Dang Team in Bellevue, Washington, has sold scores of homes to clients who live with their children and parents or in-laws.   “Space is the most important thing,’’ Hao says. ”With people working from home and the need for home offices, everyone wants at least four bedrooms, minimum. Most times, when you’re looking at multigeneration, it’s usually a house over 4,000 square feet.”   Upsizing may seem counterintuitive in the current housing market. But the math works when you consider the cost of two households, says Hao.   He reasons: A larger home with more bedrooms — or a separate 1,500 square foot Accessory Dwelling Unit for parents or adult children — would cost upward of $2 million in Hao’s market, he says.   It’s an eye-popping sum, but it’s still less expensive than buying two homes in the Bellevue area, where even a 1,500 square foot rambler costs at least $1.3 million, he says. Given those numbers, housing two families in two homes would cost at least $2.6 million.   When you add in savings on utilities, food, transportation and potentially thousands a month on child or adult caregiving costs, multigenerational living makes a lot of sense, he says. In the Pew survey, 25% cited adult caregiving and 12% cited child care as the chief drivers behind their decision to join households. The math may be different for every metro, Hao says, but the concept is the same: buying and maintaining one home is cheaper than two.   Adding space for family could also mean future rental potential if circumstances change and the space is no longer needed. Zillow® research shows that home buyers are increasingly looking to rent out all or part of their homes, so Hao says a lot of buyers love having that flexible space.   “You can certainly live all together, or live in a completely separate space,’’ he says. “If you want, you can have a friend or family live there or rent it out so that person is paying a portion of your mortgage. A lot of people really love that.”   Multigenerational living home checklist Hao says he directs clients shopping for a multigenerational home to look for homes with basements, dens or bonus rooms where families can gather or go for quiet time, away from the activity in the rest of the home. His other top recommendations:   Rooms with doors Open concept layouts are great for gathering, but Hao says everyone should be able to find a space where they can close a door and be alone. That’s especially true for people who work from home, and need privacy for Zoom calls. “They don't necessarily need to have windows,” Hao says, “but they should have doors so you can block out the sound. If you have multiple doors you can block off, you won't hear a person at all.”   Multiple levels A bedroom and bath on the main level is ideal for grandparents, Hao says. “Ideally, there should be a bathroom on every level of the house,’’ he says.   At least four bedrooms This depends on the size of the family and whether people are working from home, but if there are children, parents and grandparents, having four bedrooms gives everyone some breathing room. Hao says three bedrooms isn’t usually enough space when you have a house full of people.   A basement Basements can be the ultimate getaway. A door at the top of the stairs and a door to a bedroom, office or playroom makes for a quiet escape, says Hao. Without a place to hide out for a while, the only other alternative is to leave the house.   Neighborhood amenities Some multigenerational homes are in established communities and some are in newer developments where there aren’t many amenities, says Hao. “The parents want to be in an area where it’s walkable, either to stores, coffee shops or grocery stores, or walkable where there’s sidewalks to parks and so forth.” If the grandparents are going to be home with the kids, they need to be able to get some fresh air and exercise. “Besides saving money, that’s one of the more important factors,’’ he says, noting that flat terrain tends to be better than lots of hills.   Parking In urban areas without good transportation, having space for multiple cars is important, especially as kids get older or caregivers come into the picture. Grandparents who are driving also need a place to park.   An ADU, or an option for one Sal Cohen says he considers ADUs — separate dwellings either attached to the home or somewhere on the property — to be the perfect setup for multiple families. “An ADU can be designed so that it opens to the rest of the home and provides easy access to each other while simultaneously providing privacy,’’ he says. Ideally, the unit would have a bedroom, bath, small kitchenette and a living room/dining area. Detached ADUs can eliminate the need for an oversized home, and provide a way to build flexibility into a home, offering the potential for future rental income or living space for adult children who might return home to live with their parents.   Weighing the rewards Sal Cohen’s older daughter, Dominique Cohen, says her dad’s 3 bedroom, 2.5-bath home has great communal spaces, with its upstairs office/playroom and open concept living room/kitchen that makes it easy to keep eyes on the kids while whipping up dinner. But it lacks the kind of private space that allows someone to step out of the flow, especially in a busy household with active kids.   In fact, Dominique’s husband, Geoff Roach, says he initially worried about encroaching on his father-in-law’s space, and about how their relationship would evolve. “Who hasn’t had a roommate that hasn’t worked out?’’ he says.   Those fears, however, proved unfounded. “I feel very grateful,’’ says Geoff. “I lost my parents when I was very young, so it’s nice to have a father figure in the house. Other people might take that for granted. I don’t. I absolutely respect him. He’s a role model.”   That gets to another point about multigenerational living: while it can have its disadvantages, it can be enriching in many other ways besides financial. The Pew survey found that 57% of adults in multi-generational households reported their experiences as very or somewhat positive, while 14% said it was somewhat negative. Only 3% said it was very negative. A majority (54%) also said that living with adult relatives other than their spouse or partner was rewarding all or most of the time, with little or no stress (36%). Still,  40% described the living situation as stressful some of the time, and nearly a quarter (23%) said it was stressful all or most of the time.   Stress can come from numerous factors, but Hao cites interference as being one area to consider. Having others stand witness to your choices and weigh in on them can lead to hard feelings and resentments if they’re not discussed — or discussed too much. “If you can live with your parents, I think it’s awesome,’’ says Hao. “ But, you know, they have a lot of opinions.”  For instance, they may weigh in on how you’re raising your kids or the amount of hours you’re working or your dietary habits. Unless you can let things roll off your back, home life could get tense.   For Sal Cohen, the upsides of multigenerational living far outweighed any downsides. Having worked long hours when his two daughters were young, he loved seeing his grandsons grow and learn new things.   “It was great for me to be able to bond with the grandkids,’’ he says. “They got to know me very well and I got to know them. It’s really fun to watch them grow up.” He also enjoyed most mornings when the kids excitedly ran into his room to wake him. And then there were the shared TV shows, nightly family dinners where the adults took turns cooking and golf outings with his son-in-law.   Of course, anything involving people is going to have complications, especially if there’s dysfunctional family dynamics, or if people don’t share the same values or their lifestyles are incompatible. But with healthy dynamics and flexibility, multigenerational living can help reduce life’s stresses.   The key to harmonious living “Communication is number one,’’ says Geoff Roach. Keeping track of schedules with three kids and making sure everyone is on the same page minimizes conflict and the chaos of running a household with small children — ages 7, 2.5 and 4 months — and two working parents, both of whom run their own companies.   Hao says clear communication helps avoid hurt feelings and resentments that can build if people’s expectations are misaligned. For example, his in-laws cooked dinner every day, so he would make sure to give them a head’s up early in the afternoon if he would be eating out so they wouldn’t feel slighted. It also helped that they shared similar philosophies about raising children.   “Just having the same morals and the same upbringing, I would say, makes a world of a difference,’’’ says Hao. Although some families live together permanently, that’s not always the case. The Pew survey found that 41% of adults in multigenerational households say their living arrangement is long-term, while 34% say it’s temporary. About a fourth (24%) say they don’t know what to expect.   The Cohens fell into the later category. When Dominique had her third child a year and a half into the living arrangement, Cohen opted to live on his own again in a home nearby. With space already at a premium, Cohen realized he would have even less of it with a new baby on the way. He also felt the need for private space that extended beyond his bedroom door.   “It’s very noisy with two little beings,’’ he says. “It’s more chaotic and there’s more stuff in the house.”  A different floor plan that included a separate living space and a small kitchen would have been ideal, he says.   Now, Cohen stays connected to his family through work, baby sitting and weekly family dinners, joined by Sal’s youngest daughter, Gabrielle, and her rescue pup, Cookie. As the family joined up for a home-cooked meal on a recent Wednesday night, the kitchen filled up with the sounds of chopping, sizzling, a 2.5-year-old’s repeated questions and laughter.   Says Dominique, “The number one thing that made it all work, is we’re all easy-going. None of us is stuck in our ways.”

  There's no denying it's gotten more challenging to buy a home, especially with today's mortgage rates and home price appreciation. And that may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. But unfortunately, many homebuyers feel like they don’t know where to start.   A recent Bank of America Institute study asked prospective buyers where they lack confidence in the process and need more information. And this is what topped the list:   53% said they need help understanding homebuying grant programs.   So, here’s some information that can help you close that gap.   What Is Down Payment Assistance? As the Mortgage Reports explains: “Down payment assistance (DPA) programs offer loans and grants that can cover part or all of a home buyer’s down payment and closing costs. More than 2,000 of these programs are available nationwide. . . DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.”   And here’s some more good news. On top of all of these programs, you probably don’t need to save as much for your down payment as you think. Contrary to what you may have heard, typically you don’t have to put 20% down unless it’s specified by your loan type or lender. So, you likely don’t need to save as much upfront, and there are programs designed to make your down payment more achievable. Sounds like a win-win.   First-Time and Repeat Buyers Are Often Eligible It’s also worth mentioning, that it’s not just first-time homebuyers that are eligible for many of these programs. That means whether you’re looking to buy your first house or your fifth, there could be an option for you. As Down Payment Resource notes:   “You don’t have to be a first-time buyer. Over 39% of all [homeownership] programs are for repeat homebuyers who have owned a home in the last 3 years.”   Additional Down Payment Resources That Can Help Here are a few of the down payment assistance programs that are helping many buyers achieve their dream of homeownership, even now:   Teacher Next Door is designed to help teachers, first responders, health providers, government employees, active-duty military personnel, and Veterans reach their down payment goals. Fannie Mae provides down payment assistance to eligible first-time homebuyers living in majority-Latino communities. Freddie Mac also has options designed specifically for homebuyers with modest credit scores and limited funds for a down payment. The 3By30 program lays out actionable strategies to add 3 million new Black homeowners by 2030. These programs offer valuable resources for potential buyers, making it easier to secure down payments and realize their dream of homeownership. For Native Americans, Down Payment Resource highlights 42 U.S. homebuyer assistance programs across 14 states that ease the path to homeownership by providing support with down payments and other associated costs.   If you want more information on any of these, the best place to start is by contacting a trusted real estate professional. They’ll be able to share more details about what may be available, including any other programs designed to serve specific professions or communities. And even if you don’t qualify for these types of programs, they can help see if there are   Bottom Line Affordability is still a challenge, so if you’re looking to buy, you’re going to want to make sure you’re taking advantage of any and all resources available. The best way to find out what’s out there is to connect with a team of real estate professionals, including a trusted lender and a local agent.  

  Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.   An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below):   Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines and stressors. It also means you won’t have to worry about finding somewhere to stay when you go there. Better weather (49%) – Buying in a place where there may be nicer weather can be a great escape, especially if it’s cold or rainy where you usually live. It lets you enjoy sunny days and warm temperatures, even when it’s not so nice back home. Rental income (41%) – You can rent it out to other people when you’re not using it, which can help you make some extra money. Primary residence in the future (33%) – You can eventually move into the home full-time during retirement. That means you can enjoy vacations there now and have a getaway ready for your future. Having a venue for gatherings with family and friends (25%) – It would be a special spot where you can have parties, regular family trips, and create fun memories.   Ways To Buy Your Vacation Home And you don’t have to be wealthy to buy a vacation home. Bankrate shares two tips for how to make this dream more achievable for anyone who’s interested:   Buy with loved ones or friends: If you’re okay with sharing the vacation home, you can go in on the purchase price together and pool your resources to make it more affordable. Put a savings plan in place: This will require patience and persistence but consider adding a vacation home savings plan to your budget and contributing to it monthly.   Finding Your Dream Spot with a Little Help from an Agent If the idea of basking in the sun at your very own vacation home sounds appealing, you might want to start looking now. Summer's when everyone's trying to buy their slice of paradise, so it’s best to start early.   Your first move is to team up with a real estate agent. They know all the ins and outs of the area you want to be in, and which homes you should look at. Plus, they can give you the lowdown on everything you need to know about having a second home and how it can benefit you. The same article from Bankrate says:   “Buying real estate in a new area — or even one you’ve vacationed in for many years — requires expert guidance. That makes it a good idea to work with an experienced local lender who specializes in loans for vacation homes and a local real estate professional. Local lenders and Realtors will understand the required rules and specifics for the area you are buying, and a local Realtor will know what properties are available.”   Bottom Line If the idea of owning your own vacation home appeals to you, let’s chat.